Alternatives to Nursing Homes, Such as Continuing-Care Communities, Are Widely

question 118

True/False

Alternatives to nursing homes, such as continuing-care communities, are widely available to older people in the United States.

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Definitions:

Fixed Assets

Tangible assets purchased for long-term use and not likely sold in the normal course of business, such as buildings, machinery, and equipment.

Long-Lived Assets

Assets that provide economic benefits to a business over a prolonged period, typically more than one year, such as buildings, machinery, and equipment.

Fixed Assets

Enduring assets with physical presence utilized in business activities, not foreseen to be liquidated or changed to cash within twelve months.

Depreciable Cost

The difference between a fixed asset’s initial cost and its residual value.