Creek Construction Owned a Bulldozer Which Was Destroyed by Fire

question 104

Multiple Choice

Creek Construction owned a bulldozer which was destroyed by fire.The bulldozer originally cost $38,000.The accumulated depreciation recorded to the date of loss was $20,000.The proceeds from the insurance company were $20,000.Creek Construction should recognize

• A)A loss of $2,000
• B)An expense of $2,000
• C)A loss of $38,000
• D)A gain of $20,000
• E)A gain of $2,000

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Definitions:

Pretest Posttest

A research design that measures the effects of an intervention by comparing subject scores before and after the intervention.

Experimental Design

The blueprint for conducting a scientific study to ensure that it is valid and reliable; it includes planning, conducting, and analyzing an experiment.

Two-by-two

A 2x2 matrix or table used to categorize or compare data points based on two binary criteria, often used in research for analysis or decision-making.

Online Experiments

Research experiments conducted over the internet, allowing for widespread participation and data collection from diverse populations.