If the Disposal of an Asset Occurs During the Year

question 37

Multiple Choice

If the disposal of an 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:

Innate

Inborn or natural traits, abilities, or qualities that are not acquired or learned.

Classical Conditioning

An educational method involving the frequent pairing of two cues; a response initially prompted by the second cue comes to be prompted by the first cue in isolation.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating how stimuli can trigger reflexive responses.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.