Find the Book Value to the Nearest Dollar

question 42

Multiple Choice

Find the book value to the nearest dollar.
-Cost $7,030, life 2 years, scrap value $633 at the end of 1 year using double-declining balance
Method

• A)$633
• B)$0
• C)$3,515
• D)$3,832

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Definitions:

Reality Principle

A psychoanalytic concept where the ego seeks to satisfy the id’s desires in realistic and socially appropriate ways.

Primary-process Thought

A mode of thinking primarily in the unconscious mind involving the fulfillment of wishes and desires, often irrational and without logical coherence.

Secondary-process Thought

describes the rational, conscious thought processes rooted in logic, reality, and practicality, as distinguished from primary-process thought which is more about instinctual needs and desires.

False Memories

Memories that feel real but are actually constructions or distortions of reality, often influenced by external factors.