The City of Maine Creek Acquired a Used Front-End Loader

question 50

Multiple Choice

The city of Maine Creek acquired a used front-end loader from a road contractor for use at the city landfill (which is accounted for in an enterprise fund) . The loader had a fair value of $54,000 and a historical cost of $90,000. The city paid the contractor $50,000 for the loader. At what amount should be front-end loader be reported in the government-wide financial statements?

• A) $50,000.
• B) $54,000.
• C) $90,000.
• D) It should not be reported in the government-wide financial statements.

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Definitions:

Stimulus Discrimination

The ability to distinguish between one particular stimulus and similar stimuli, not responding the same way to variations of the original stimulus.

Conditioned Stimulus

A neutral stimulus that, once it becomes linked with an unconditioned stimulus, ultimately leads to eliciting a conditioned response.

Unconditioned Stimulus

A stimulus that innately prompts a reaction without the necessity for prior conditioning.

Stimulus Generalization

The process by which conditioned responses are triggered by stimuli that are similar, but not identical, to the original conditioned stimulus.