If a Plant Asset Is Retired Before It Is Fully

question 291

Multiple Choice

If a plant asset is retired before it is fully depreciated and no salvage or scrap value is received

• A) a gain on disposal will be recorded.
• B) phantom depreciation must be taken as though the asset were still on the books.
• C) a loss on disposal will be recorded.
• D) no gain or loss on disposal will be recorded.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing unwanted behaviors through various techniques, such as conditioning.

Classical Conditioning

A conditioning strategy where two stimuli are methodically paired together; the response, at outset caused by the second stimulus, is eventually caused by the first stimulus without aid.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a guide used by healthcare professionals in the United States to diagnose mental disorders.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's cognition, emotional regulation, or behavior.