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.
