Condition precedent refers to a condition that requires the occurrence of an event before a party is obligated to perform a duty under a contract

Millenials are considered to be the most tech-savvy generation yet, spending more time surfing the Web and on social media than they do watching television, listening to radio, or reading newspapers

Indicate whether the statement is true or false a. True b. False

The sum of all the depreciation expenses recorded to date for a depreciable asset is called residual value

Indicate whether the statement is true or false