Morton's Courier Service Recorded a Loss of $7,500 When It

question 71

Multiple Choice

Morton's Courier Service recorded a loss of $7,500 when it sold a van that originally cost $70,000 for $12,500.Accumulated depreciation on the van must have been

• A)$65,000.
• B)$20,000.
• C)$62,500.
• D)$50,000.

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Definitions:

Ambiguity

The quality of being open to more than one interpretation; inexactness or uncertainty in language or meaning.

Semantic Level

Pertaining to the meaning of words and language, especially the relationship between signifiers and what they signify or represent.

Case Markers

Grammatical markers that indicate the role of a noun, pronoun, or adjective in a sentence, such as subject, object, or possessive.

Semantic Role

The part that each phrase plays in the “who did what to whom” drama described by a sentence. One word takes the role of being the cause of the action, another, its effect, and so on.