Oakland Company Owns a Fixed Asset with an Original Cost

question 32

Multiple Choice

Oakland Company owns a fixed asset with an original cost of $100,000.Piston Company estimates it will use the asset for 5 years, at which time the asset can be sold for $10,000.The annual depreciation expense is_____.

• A)$20,000
• B)$10,000
• C)$18,000
• D)$-0-

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Definitions:

Positive Transference

In psychotherapy, it describes the phenomenon where a patient projects favorable emotions towards the therapist, often mirroring feelings associated with other relationships.

Unconditional Positive Regard

Unqualified caring and nonjudgmental acceptance of another.

Free Association

A method in psychoanalysis where the patient speaks freely to reveal unconscious thoughts and feelings.

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument.