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A young, dynamic psychologist named John Watson said,"Behaviorism, on the contrary, holds that the subject matter of human psychology is the behavior of the human being.Behaviorism claims that consciousness is neither a definite nor a usable concept. The behaviorist, who has been trained always as an experimentalist, holds, further, that belief in the existence of consciousness goes back to the ancient days of superstition and magic."
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, which reflects the loss in value due to usage, wear and tear, or obsolescence.
Residual Value
The forecasted price an asset is likely to command at the end of its usefulness.
Component Depreciation
A method of depreciation where different components of a fixed asset are depreciated separately over their respective useful lives.
Plant Assets
Long-lived tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.
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