If Machinery That Cost $8,000 When New, Has Accumulated Depreciation

question 36

True/False

If machinery that cost $8,000 when new, has accumulated depreciation of $4,500, and is sold for $4,000, the gain recognized on the sale would be $4,000.

Recognize the stakeholders in an organization.

Explore methods for HR professionals to enhance their career opportunities.

Understand the basic components of Freud's model of the mind.

Identify the genetic causes of specific diseases.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or behaviors).

Conditioning

The process of learning associations between environmental events and behavioral responses, crucial in behaviorist theories of learning.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, often driven by needs, desires, and goals.

Law of Effect

A psychological principle stating that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.