Activities Involved with the Fixed Assets Disposal Phase of the Fixed

question 25

Multiple Choice

Activities involved with the fixed assets disposal phase of the fixed assets processes include all of the following, except:

• A)Adjusting periodic depreciation
• B)Disposed assets are removed from the fixed asset subsidiary ledger
• C)Gains or losses resulting from disposal are computed
• D)The depreciation amounts related to the disposed assets are removed from the depreciation schedule and the fixed asset subsidiary ledger

Analyze the effects of price floors on market equilibrium, including changes in consumer and producer surplus.

Calculate changes in surplus and deadweight loss resulting from government policies.

Understand the concept of deadweight loss and its causes within the context of market interventions.

Evaluate the efficiency of market outcomes versus outcomes with government intervention.

---

Definitions:

Seventh-Grade

Typically refers to the second year of middle school in many education systems, where students are usually around 12 to 13 years old.

Operant Conditioning

An approach to learning in which the force of a behavior is shaped through positive reinforcement or negative consequences.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Respondent Behavior

Behavior that occurs as a direct response to a specific stimulus, often reflexive or involuntary in nature.