EXERCISE 1.4Q 2.3 PAGE 11

Exercise 1.4 | Q 2.3 | Page 11

Find the truth value of the following statement.

Every accountant is free to apply his own accounting rules if and only if machinery is an asset.

#### SOLUTION

Let p : Every accountant is free to apply his own accounting rules.

q : Machinery is an asset.

The truth values of p and q are F and T respectively.

The given statement in symbolic form is p ↔ q.

∴ p ↔ q ≡ F ↔ T ≡ F

∴ Truth value of the given statement is F.