The biggest assumption is that, to first order, the number of asteroids and comets hitting the Earth and the Moon was the same as for Mercury, Venus, and Mars. The bottom line is that the more craters one sees, the older the surface is.
This can be interpreted in two ways: why it is important to know the age of a planet or how is age dating important in determining the age of a planet?
So, if you know the radioactive isotope found in a substance and the isotope's half-life, you can calculate the age of the substance. Well, a simple explanation is that it is the time required for a quantity to fall to half of its starting value.
So, you might say that the 'full-life' of a radioactive isotope ends when it has given off all of its radiation and reaches a point of being non-radioactive.
Using logs recovered from old buildings and ancient ruins, scientists have been able to compare tree rings to create a continuous record of tree rings over the past 2,000 years.
This tree ring record has proven extremely useful in creating a record of climate change, and in finding the age of ancient structures. The thick, light-colored part of each ring represents rapid spring and summer growth.
For the others, one can only use relative age dating (such as counting craters) in order to estimate the age of the surface and the history of the surface.
We can get absolute ages only if we have rocks from that surface.
For others, all we are doing is getting a relative age, using things like the formation of craters and other features on a surface.
Droughts and other variations in the climate make the tree grow slower or faster than normal, which shows up in the widths of the tree rings.
These tree ring variations will appear in all trees growing in a certain region, so scientists can match up the growth rings of living and dead trees.