Exhibit 23-2 on January 1, 2010, Michelle, Inc

question 50

Multiple Choice

Exhibit 23-2 On January 1, 2010, Michelle, Inc.purchased a machine for $48, 000.Eight-year, straight-line depreciation with no salvage value was used through December 31, 2013.On January 1, 2014, it was estimated that the total useful life of the machine from acquisition date was ten years.
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Refer to Exhibit 23-2.The adjusting entry that should be made on January 1, 2014, will be in the amount of

• A)$4, 000
• B)$4, 800
• C)$2, 400
• D)$ 0

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Definitions:

Self-control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

External Variables

Factors outside of an individual's immediate control that can impact outcomes or behaviors.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all humans tend to have naturally, irrespective of societal influence.

Self-control Techniques

Methods or strategies used by individuals to regulate their thoughts, feelings, and actions to achieve personal goals or adhere to societal expectations.