A Piece of Equipment Was Acquired on January 1,2013,at a Cost

question 89

Multiple Choice

A piece of equipment was acquired on January 1,2013,at a cost of $22,000,with an estimated residual value of $2,000 and an estimated useful life of four years.The company uses the double-declining-balance method.What is its book value at December 31,2014?

• A)$5,500.
• B)$10,000.
• C)$11,000.
• D)$12,000.

Understand the importance of accurate causal attribution in various social and psychological contexts.

Understand cultural variations in attribution, including the differences between individualistic and collectivist cultures.

Identify and explain common attribution errors, such as the fundamental attribution error and the actor-observer effect.

Recognize how cognitive biases and perspective-taking can affect our understanding of others' behaviors.

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Definitions:

Deism

Enlightenment thought applied to religion; emphasized reason, morality, and natural law.

Junípero Serra

An 18th-century Franciscan friar known for founding several missions in what is now California, contributing to the Spanish colonization of the region.

Pontiac's Rebellion

A war waged by a loose confederation of indigenous tribes in the Great Lakes region, Ohio Valley, and Illinois Country against British military occupation post-French and Indian War.

British Rule

The period of colonial domination by Great Britain over various territories across the world, characterized by economic exploitation and cultural imposition, lasting until the mid-20th century.