Use the Information Below to Answer the Following Questions

question 120

Multiple Choice

Use the information below to answer the following questions.
Fact 20.1.1
At the beginning of 2014, Peter's Perfectly Prickly Piercing Parlour had $5,000 worth of bellybutton and eyebrow rings on hand, 2 computers (each worth $1,000) , 1 cash register worth $100, electrical equipment worth $500, and one piercing needle worth $500. At the end of 2014, they had $5,000 worth of bellybutton and eyebrow rings, a new high speed computer worth $3,000 (they had to throw out the old ones) , the same cash register, which was now worthless, electrical equipment worth $600, and they had upgraded the needle at a cost of $700 which was valued at $1,000.
-Refer to Fact 20.1.1. Peter's depreciation in 2014 is

• A)$2,300.
• B)$800.
• C)zero.
• D)$1,000.
• E)$3,000.

---

Definitions:

Biological Functions

Fundamental processes that occur in living organisms, ensuring survival, growth, reproduction, and homeostasis.

Intellectual Disability

A term used to describe when a person has certain limitations in cognitive functioning and skills, including communication, self-care, and social skills.

Token

A symbol or object that represents a value or is used as a medium of exchange within a particular context.

Privilege

A special right, advantage, or immunity granted or available only to a particular person or group.