A Two-Year-Old Asset Has a Useful Life of 10 Years

question 114

Multiple Choice

A two-year-old asset has a useful life of 10 years. Its initial purchase cost was $450,000, and it is depreciated by 10 percent annually. What is the remaining depreciable value of the asset?

• A) $0
• B) $90,000
• C) $200,000
• D) $360,000

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Definitions:

Inhibited Children

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Anxiety To Novelty

The fear or apprehension experienced by individuals when faced with new, unfamiliar situations or environments.

Evolutionary Personality Theory

A theoretical approach that explains personality traits through the lens of evolutionary biology, suggesting that many human behaviors have adaptive values.

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An anxiety disorder characterized by an irrational and persistent fear of unknown people or social situations involving strangers.