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:

Reasonable Accommodations

Adjustments or modifications provided in the workplace or other environments to enable individuals, especially those with disabilities, to perform tasks or access services.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Title VII

Refers to Title VII of the Civil Rights Act of 1964, a federal law that prohibits employers from discriminating against employees on the basis of sex, race, color, national origin, and religion.

Civil Rights Act

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, initially passed in 1964.