Jed Bought a Car at the Beginning of the Year

question 31

Multiple Choice

Jed bought a car at the beginning of the year for $22,500. The car has an estimated life of 7 years and a salvage value of $5,000 at the end of the 7-year period. What is the depreciation using the straight-line method?

• A) $27,500
• B) $17,500
• C) $3,929
• D) $2,500

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Definitions:

Stimulus Response Bond

The connection formed between a specific stimulus and a specific response through conditioning.

Matching Law

A principle in behavioral psychology stating that the proportion of responses directed toward an option matches the proportion of reinforcements obtained from that option.

Contend

To strive in opposition or against difficulties; to compete or argue.

Mowrer's Two-Factor Theory

Mowrer's Two-Factor Theory is a psychological theory that integrates classical conditioning and operant conditioning to explain the development of phobias and anxiety.