A Plant Asset Has a Cost of $24,000 and a Residual

question 48

Multiple Choice

A plant asset has a cost of $24,000 and a residual value of $6,000.The asset has a three-year life.If depreciation in the third year amounted to $3,000, which depreciation method was used?

• A)Straight-line
• B)Declining-balance
• C)Sum-of-the-years'-digits
• D)Cannot tell from information given

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Definitions:

Response Differentiation

A process in operant conditioning where behaviors are modified by being reinforced only when they meet a certain criterion.

Positive Reinforcer

A stimulus which, when presented after a behavior, increases the likelihood of that behavior being repeated.

Reinforce

To strengthen a behavior by providing a consequence that increases the likelihood of the behavior being repeated.

Avoidance Conditioning

A response that prevents the occurrence of a punisher. This increases the probability of a low-occurring response and maintains that response at a high level. The principle of avoidance conditioning states that a behavior will increase in frequency if it prevents a punisher from occurring.