Crows Plc Purchased a Photocopier on 1 July 2012 for £30

question 20

Multiple Choice

Crows Plc purchased a photocopier on 1 July 2012 for £30 000.It was estimated that it would have a useful life of 3 years and produce 5 000 000 copies over its life.The asset's residual value is estimated at £3000.Other similar assets are depreciated on a reducing balance method is at 40% rate.Which of the following statement is correct for year ending 30 June 2013?

• A)If the straight-line method is used, depreciation expense is £10 000.
• B)If the reducing balance method is used, depreciation expense is £10 800.
• C)If the sum of digits method is used, depreciation expense is £13 500.
• D)If the reducing balance method is used, depreciation expense is £10 800 and if the sum of digits method is used, depreciation expense is £13 500.

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Definitions:

Personality

A set of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.

Norms

Unwritten rules and standards that govern the behavior of individuals within a group or society, guiding what is considered acceptable or unacceptable.

Sherif

Muzafer Sherif, a social psychologist known for his work on norm formation, social conformity, and the Robbers Cave Experiment.

Participant Observation

A qualitative research method in which the researcher becomes actively involved in the group or situation being studied.