Although the Idea of Had Been Developed in Australia and Ireland

question 34

Multiple Choice

Although the idea of had been developed in Australia and Ireland in the 1850s and instituted at the Elmira Reformatory in 1876, not until the mid-1920s did this practice become readily accepted and implemented throughout the United States.

• A) work-release
• B) probation
• C) parole
• D) determinate sentencing

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Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed over time through depreciation.

Original Cost

The initial monetary value of an asset or investment, reflecting the purchase price or production cost before adjustments like depreciation or amortization.

Gain on Sale

Profit realized from the sale of assets or investments when the selling price exceeds the book value.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.