5.2 Which of the following statements describes characteristics that are LEAST likely to indicate that a business exists? A. The taxpayer's activities are well organised B. The taxpayer expects that the expenses from the activity will be greater than the income derived from the activity over time C. The activities of the taxpayer are sustained, and regular. D. The production from the activity is well in excess of domestic consumption Click or tap here to enter text. 5.3 Which of the following statements about calculating the decline in value of depreciating assets is MOST correct: A. There is one prime cost method formula. B. There is one diminishing value method formula. C. The Australian Tax Commissioner's determination of an asset's effective life Amust be applied. D. All the above statements are correct