Swell, Inc

question 361

Multiple Choice

Swell, Inc. had net fixed assets of $6.5 million on December 31, 2014 and $11 million on December 31, 2015. If Swell's depreciation expense for 2015 was $750,000, what was the firm's 2015 capital
Spending?

• A) $3.75 million
• B) $4.25 million
• C) $4.50 million
• D) $5.25 million
• E) $6.75 million

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Definitions:

Need For Achievement

A psychological trait characterized by a strong desire to accomplish challenging tasks and meet high standards of success.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from basic physiological needs to higher levels of psychological needs and self-fulfillment.

Level Of Needs

Typically refers to Maslow's hierarchy of needs, which categorizes human needs into five levels from basic (e.g., physiological) to high-level (e.g., self-actualization) needs.

Hierarchy Of Needs

The Hierarchy of Needs is a framework suggesting people are motivated to fulfill basic needs before moving on to more advanced needs, a concept integral to understanding human motivation.