Use the Following Information for Questions

question 60

Multiple Choice

Use the following information for questions.
A machine cost $120,000, has annual depreciation of $20,000, and has accumulated depreciation of $90,000 on December 31, 2010.On April 1, 2011, when the machine has a fair value of $27,500, it is exchanged for a machine with a fair value of $135,000 and the proper amount of cash is paid.The exchange has commercial substance.
-The gain to be recorded on the exchange is

• A)$0.
• B)$2,500.
• C)$5,000.
• D)$15,000.

Recognize the purpose of FAQs in product manuals for addressing technical material questions.

Appreciate the strategies for balancing study, work, and family time for nontraditional students.

Identify the equivalence of surveying in the SQ3R reading system and previewing in the Five-Part reading system.

Understand the challenges faced by people with Dyslexia in reading and decoding.

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Definitions:

Temperament

an individual's innate predisposition to react to the environment in certain ways, which forms the basis of later personality.

Unassertive

Characterized by a lack of confidence and decisiveness in expressing one’s own desires, opinions, and needs.

Timid

Describes someone who is showing a lack of courage or confidence, easily frightened.

Cognitive Development

The study of how thinking, problem solving, and intelligence change and mature over time, particularly in children.