A Corporation Has a Machine That Cost $100,000, with an Estimated

question 63

Multiple Choice

A corporation has a machine that cost $100,000, with an estimated useful life of 5 years and a residual value of $25,000.Immediately after the end of the second year, the company decided to change from SYD to straight-line depreciation.The entry to record the change would include an effect on accumulated depreciation which would be a:

• A)$30,000 credit.
• B)$15,000 credit.
• C)$30,000 debit.
• D)$15,000 debit.

Examine the processes through which schools transmit societal norms and values.

Evaluate the role of teachers and teaching strategies in shaping student identities and outcomes.

Understand the foundational researchers and their contributions to the field of behaviorism and learning theories.

Recognize key concepts and principles of operant conditioning, including reinforcement, punishment, shaping, and extinction.

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Definitions:

Surplus

Surplus refers to the amount by which production, resources, or inventory exceeds what is needed or used, often resulting in excess supply.

Nonbinding Price Floor

A minimum price set by the government that is below the equilibrium price, having no effect on the market.

Minimum Wage

The lowest legal hourly wage that employers can pay to workers, set by government regulation.

Labor Shortage

A situation in which employers have difficulty filling vacancies because there are not enough available workers with the necessary skills.