If Disposal of a Plant Asset Occurs During the Year

question 109

Multiple Choice

If disposal of a plant asset occurs during the year depreciation is

• A) not recorded for the year.
• B) recorded for the whole year.
• C) recorded for the fraction of the year to the date of the disposal.
• D) not recorded if the asset is scrapped.

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Definitions:

Celebrity

A well-known individual, especially in entertainment or sports, who commands a significant degree of public fascination and influence.

Negative Reinforcement

A behavioral technique in which the removal of an undesirable or unpleasant stimulus following a behavior increases the likelihood of that behavior being repeated.

Wearout

The diminishing returns in effectiveness or impact of an advertisement or message over time due to repeated exposure, leading to boredom or annoyance in the audience.

Extinction

In behavioral psychology, the process by which a previously learned behavior decreases in frequency or disappears due to the removal of reinforcement.