On 31 December 2013, a New Machine with a Useful

question 52

Multiple Choice

On 31 December 2013, a new machine with a useful life of 6 years and an estimated residual value of zero was purchased by a business at a cost of $30,000. The amount of depreciation expense charged for the year ended 31st December 2015, using the reducing balance method at a rate of 30% per annum, is:

• A) $6,300
• B) $9,000
• C) $5,000
• D) $1,800

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Definitions:

Higher-Order Needs

Needs that go beyond basic physical requirements, such as social, esteem, and self-actualization needs, as conceptualized in Maslow's hierarchy of needs.

Intrinsic Motivation

The drive to engage in activities for their intrinsic satisfaction rather than for some separable consequence.

Maslow's Hierarchy of Needs

A psychological theory that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Motivated

Motivated describes the psychological force that drives an individual to take action towards a desired goal, influenced by factors such as personal interest, reward, or obligation.