Yes
Taxonomic classification of fossils follows the same principle used for classification of living organisms and has a hierarchy of divisions. In identification of fossils, morphology examination is key, considering the shape and form. Many fossil organisms resemble modern organisms hence they can be identified taxonomically. Identification of organisms involve recognizing details like the number of ridges on the surface of shells. Trilobites in arthropods, gastropods in snails, bivalves in clams and oysters and brachiopods in lamp shells are examples of classification of arthropods.
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