Erin entered into a lease that begins February 1, and is to end on January 31 three years later. This leasehold is a/an:

A form of depreciation caused by ordinary wear and tear on the property would be considered:

A. Physical deterioration. B. Functional obsolescence. C. External obsolescence. D. Economic obsolescence.

Sally is a production manager in a processing plant that makes fruit juice for babies. She waters down the juice to cut costs, and says the practice is okay because the babies won't know the difference–showing that Sally has a utilitarian perspective

Indicate whether the statement is true or false.