The Non-Current Asset Section of a Business's Balance Sheet Is

question 28

Multiple Choice

The non-current asset section of a business's balance sheet is below. These were the only depreciable assets owned by the business.During the current year the business sold equipment which it had purchased five years previously at a cost of $10,000.The accumulated depreciation on the equipment sold was $8,000 and the cash received from the sale was $3,000.There were no additions of equipment during the year.What was the depreciation expense recorded during the current year?

• A) $1,000
• B) $8,000
• C) $9,000
• D) Cannot be determined with the information provided

Grasp the social and cultural influences on the transition to adulthood.

Recognize the importance of physical activity and nutrition in maintaining health during adulthood.

Know the risks and prevention strategies for common physical and mental health issues in adulthood.

Understand the factors affecting conception and fertility and their relationship with age.

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Definitions:

Reflex Assessment

The evaluation of involuntary responses to stimuli, used to examine the function of the nervous system.

Percussion Hammer

A medical instrument used by doctors to test reflexes by tapping on the body, particularly on the knee.

Penlight

A small, handheld flashlight typically used in medical examinations to assess pupil response or to illuminate small areas.

Clean Gloves

Medical gloves that are free from dirt and contamination, often used to maintain sterility during procedures.