Equipment That Cost $420000 and on Which $200000 of Accumulated

question 216

Multiple Choice

Equipment that cost $420000 and on which $200000 of accumulated depreciation has been recorded was disposed of for $180000 cash. The entry to record this event would include a

• A) gain of $40000.
• B) loss of $40000.
• C) credit to the Equipment account for $220000.
• D) credit to Accumulated Depreciation for $200000.

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Definitions:

Theories Of Motivation

A set of principles and propositions that attempt to explain what drives individuals to initiate, direct, and sustain particular actions over time.

Kinsey Survey

A series of studies conducted by Alfred Kinsey and his team which explored human sexual behavior, profoundly influencing social and scientific views on sexuality.

Contemporary Surveys

Modern methods of collecting data or opinions from populations on current issues.

Intrinsic Motivation

The drive to engage in an activity for its inherent satisfaction or enjoyment, rather than external rewards or pressures.