Equipment with a Cost of $10,000 and a Book Value

question 91

Multiple Choice

Equipment with a cost of $10,000 and a book value of $3,000 was sold during the year for cash of $9,000. Additional equipment was purchased during the year for cash. What was the amount of cash paid for purchases of equipment during the year?

• A) $40,000
• B) $43,000
• C) $50,000
• D) $31,000

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Definitions:

Emotional

Pertaining to feelings or emotions, involving the ability to experience, communicate, and understand emotional states.

Behavioral

Relating to or concerned with the actions or activities of living organisms; often used to describe the study of behavior in psychology.

Affective Component

Refers to the emotional or feeling segment of an attitude, influencing how an individual feels about an object, person, or situation.

Attitude

An inclination within the psyche to judge an observed entity with a level of preference or aversion.