What Is the Depreciation, for the Year of Acquisition and for the Following

question 198

Multiple Choice

What is the depreciation, for the year of acquisition and for the following year of a fixed asset acquired on October 1 for $500,000, with an estimated life of 5 years, and residual value of $50,000, using the straight-line method. Assume a fiscal year ending December 31.

• A) Yr. of acquisition: $50,000; following year: $90,000
• B) Yr. of acquisition: $22,500; following year: $90,000
• C) Yr. of acquisition: $90,000; following year: $90,000
• D) Yr. of acquisition: $22,500; following year: $180,000

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Definitions:

Role Congruity Theory

Prejudice against female leaders is the result of an incongruity between the perceived characteristics of women and the perceived requirements of leadership roles.

Leader Categorization Theory

A leadership theory suggesting that people have preconceived notions of what makes a good leader and assess leadership ability by how well someone fits these molds.

Implicit Leadership Theory

A theory that suggests individuals have preconceived notions about what leadership traits and behaviors constitute an effective leader, influencing how they evaluate and respond to leadership.

Adaptive Response

A biological or behavioral adjustment that improves an organism's ability to survive and reproduce.