Replies

No. I found out that isn’t right:

As soon as a living organism dies, it stops taking in new carbon. The ratio of carbon-12 to carbon-14 at the moment of death is the same as every other living thing, but the carbon-14 decays and is not replaced. The carbon-14 decays with its half-life of 5,700 years, while the amount of carbon-12 remains constant in the sample. By looking at the ratio of carbon-12 to carbon-14 in the sample and comparing it to the ratio in a living organism, it is possible to determine the age of a formerly living thing fairly precisely.

A formula to calculate how old a sample is by carbon-14 dating is:

t = [ ln (Nf/No) / (-0.693) ] x t1/2

where ln is the natural logarithm, Nf/No is the percent of carbon-14 in the sample compared to the amount in living tissue, and t1/2 is the half-life of carbon-14 (5,700 years).

So, if you had a fossil that had 10 percent carbon-14 compared to a living sample, then that fossil would be:

t = [ ln (0.10) / (-0.693) ] x 5,700 years

t = [ (-2.303) / (-0.693) ] x 5,700 years

t = [ 3.323 ] x 5,700 years

t = 18,940 years old

Because the half-life of carbon-14 is 5,700 years, it is only reliable for dating objects up to about 60,000 years old. However, the principle of carbon-14 dating applies to other isotopes as well. Potassium-40 is another radioactive element naturally found in your body and has a half-life of 1.3 billion years. Other useful radioisotopes for radioactive dating include Uranium -235 (half-life = 704 million years), Uranium -238 (half-life = 4.5 billion years), Thorium-232 (half-life = 14 billion years) and Rubidium-87 (half-life = 49 billion years).

From How stuff works—
http://science.howstuffworks.com/environmental/earth/geology/carbon-142.htm

Many times the fossils are dated by the layer of earth they are found in. It would be helpful if they specify how they are dated but rarely do they go into that much detail.