Brown Ltd Purchased a Machine on the First Day of the Financial

question 8

Multiple Choice

Brown Ltd purchased a machine on the first day of the financial period, 1 July 2018, for $100 000. The machine was depreciated using the reducing balance method and a rate of 20 per cent. It was sold on 1 July 2019. If the machine was sold for $60 000, what was the gain or loss on disposal?

• A) Loss of $20 000
• B) Loss of $40 000
• C) Gain of $60 000
• D) Gain of $20 000

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Definitions:

Overregularization

This term refers to a linguistic error made by children learning language where they apply regular grammatical patterns to words that are exceptions to the rule.

Nativist View

The perspective that certain skills or abilities are innate and genetically programmed to emerge.

Language Development

The process by which individuals acquire the ability to perceive, produce, and use words to understand and communicate.

Intonation

The variation of pitch in speech, which can affect the meaning of words and the emotional tone of phrases.