Agler Corp

question 10

Multiple Choice

Agler Corp.had the following infrequent transactions during 2007: A $150,000 gain from selling the only investment Agler has ever owned.
A $210,000 gain on the sale of equipment.
A $70,000 loss on the write-down of inventories.
In its 2007 income statement, what amount should Agler report as total infrequent net gains that are not considered extraordinary?

• A)$80,000.
• B)$140,000.
• C)$290,000.
• D)$360,000.

Understand the relationship between lifestyle choices, reproductive technologies, and childbirth outcomes.

Explore the factors influencing attitudes towards abortion and child-free lifestyles.

Understand the issues raised concerning different types of adoption.

Analyze the ethical issues surrounding the use of infertility treatments and reproductive technologies.

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Definitions:

Depreciable Cost

The total cost of an asset that is subject to depreciation, including purchase price and any additional expenses to bring the asset to its intended use, minus salvage value.

Straight-Line Depreciation

An approach to apportion the value of a tangible asset across its productive years in uniform yearly sums.

Estimated Useful Life

The expected timeframe during which an asset is considered to be useful or productive for its intended purpose.

Depreciation Expense

The allocated portion of the cost of a tangible or physical asset that is written off as an expense over its useful life.