COGNITIVE ASSESSMENT When Someone Has an Old Computer to Discard

question 106

Multiple Choice

COGNITIVE ASSESSMENT When someone has an old computer to discard, why shouldn't that person just toss it into a landfill?

• A) The manufacturer of the computer can be sued if one of their computers ends up in a landfill
• B) It against federal law to discard an old computer into a landfill
• C) The computer might contain toxic materials that can pollute the ground and air
• D) It is more economical to sell the computer back to the manufacturer who then can reuse many of the parts in the computer

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net tangible and identifiable intangible assets.

Intangible Assets

Non-physical assets that represent a value to a company, such as patents, trademarks, copyrights, and goodwill.

Recoverable Amount

The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.

Carrying Amount

The book value of assets and liabilities recognized in a company's financial statements, calculated as the original cost minus any depreciation, amortization, or impairment costs.