​Hobbes and Locke Would Have Both Agreed That

question 51

Multiple Choice

​Hobbes and Locke would have both agreed that

• A) ​humans were rational by nature
• B) ​humans are essential good
• C) ​absolute monarchy protects people from our own selfish impulses
• D) ​governments exist in order to ensure security
• E) ​humans are antisocial

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Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life.

Commercial Substance

A concept in accounting that indicates a transaction has significantly changed the economic conditions or the cash flows of an entity.

Units-Of-Production

A method of depreciation that distributes an asset's cost across its lifespan according to the quantity of units manufactured.

Double-Declining-Balance

An accelerated method of depreciation that doubles the rate at which an asset's book value decreases, resulting in higher depreciation expenses in the early years.