The Statement Concerning Fixed Assets That Is Not True Is

question 57

Multiple Choice

The statement concerning fixed assets that is not true is:

• A) knowledge of the approximate average age of fixed assets can be useful in assessing the efficiency of the assets.
• B) knowledge of the approximate average age of fixed assets can be useful in deciding whether the asset register is up-to-date.
• C) knowledge of the approximate average age of fixed assets can be useful in deciding whether the assets may need to be replaced in the near future.
• D) knowledge of the approximate average age of fixed assets can be calculated by the formula accumulated depreciation divided by average recorded cost of fixed assets.

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Definitions:

Prion

Infectious agents composed primarily of protein material that can induce abnormal folding of specific normal cellular proteins called prion proteins, mostly affecting the brain.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and, if not treated, can lead to AIDS (Acquired Immunodeficiency Syndrome).

Conjugation

A form of genetic transfer where two bacteria temporarily join together and directly transfer genetic material between them.

Sex Pilus

A thin, tube-like structure used by bacteria to transfer genetic material during a form of reproduction called conjugation.