Use the Following Information for Questions 61 and 62 -Equipment Purchased During 2015 Was
A) $840,000

question 24

Multiple Choice

Use the following information for questions 61 and 62.
Equipment that cost $525,000 and had a book value of $234,000 was sold for $270,000. Data from the comparative balance sheets are: $\begin{array}{lrr}&12 / 31 / 15&12 / 31 / 14\\\text { Equipment } & \$ 3,240,000 & \$ 2,925,000 \\\text { Accumulated Depreciation } & 990,000 & 855,000\end{array}$
-Equipment purchased during 2015 was

• A) $840,000.
• B) $525,000.
• C) $315,000.
• D) $549,000.

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Definitions:

Psychology Test

A standardized instrument or systematic procedure designed to measure a specific aspect of behavior or to assess personality, intelligence, or other psychological variables.

Adaptation-Level Phenomenon

The tendency of humans to judge various stimuli and experiences relative to their past experiences, leading to a baseline level of satisfaction.

Relative Deprivation

describes the experience or perception of lacking resources or advantages in comparison to others within a society or reference group.

Salary Increase

An adjustment to an employee’s pay rate, usually an upward revision, reflecting changes in market conditions, performance, or responsibilities.