Equipment Costing $60,000 with a Salvage Value of $12,000 and an Estimated

question 130

Multiple Choice

Equipment costing $60,000 with a salvage value of $12,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years.Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be

• A)$7,200.
• B)$16,000.
• C)$12,000.
• D)$9,600.

Understand Maslow's hierarchy of needs and its criticisms.

Describe the overjustification effect and its potential impact on motivation.

Identify examples of behaviors motivated by both intrinsic and extrinsic factors.

Explain the principle of delay of gratification and its significance in motivation.

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Definitions:

Fraudulent Misrepresentation

Any misrepresentation, either by misstatement or omission of a material fact, knowingly made with the intention of deceiving another and on which a reasonable person would and does rely to his or her detriment.

Undue Influence

Undue Influence is a legal term referring to a situation in which an individual is able to persuade another’s decisions due to the relationship between the two parties.

Mistake Of Value

A misunderstanding about the importance or worth of something, often considered in legal contexts regarding contracts.

Ray

In physics, a ray is a straight line that originates from a point and extends infinitely in one direction, often used to model the path of light or other radiation.