On May 1, 2008, Platypus Ltd

question 70

Multiple Choice

On May 1, 2008, Platypus Ltd.purchased a new machine for $132,000.At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated residual value of $6,000.The company has recorded monthly depreciation using the straight-line method.On March 1, 2017, the machine was sold for $18,000.The loss to be recognized from the sale is

• A)$0.
• B)$2,700.
• C)$6,000.
• D)$8,700.

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Definitions:

Psychological Disorders

Mental disorders characterized by patterns of thought, feeling, or behavior that are disruptive, distressing, and impair functioning in daily life.

Abnormal Groups

A term used to describe collections of individuals who deviate significantly from normative behaviors, traits, or patterns in a given context.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

Dimensional Approach

A method in psychology that conceptualizes personality, disorders, and other psychological variables not as distinct categories, but as continua that range from one extreme to another.