Albert Corp

question 143

Multiple Choice

Albert Corp. bought a machine for $10,000 thirteen years ago. It has been depreciated on a straight line basis over a 20 year life with no salvage value. The firm just sold the machine for $6,000. How much gain/loss should be reported on the sale?

• A)$4,000 loss
• B)$2,500 loss
• C)No gain or loss should be recorded.
• D)$2,500 gain
• E)$4,000 gain

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Definitions:

Dependent Variable

The variable in an experiment that is being tested and measured, often seen as the outcome or effect in a study.

Independent Variable

In experimental research, the variable that is manipulated by the researcher to examine its effect on the dependent variable.

Systematic Differences

Variations that are consistent and predictable, occurring due to specific factors or conditions in a controlled manner.

Eye-Movement Desensitization Reprocessing

A psychotherapy treatment designed to alleviate the distress associated with traumatic memories through guided eye movements.