Carter Company Disposed of an Asset at the End of the Eighth

question 62

Multiple Choice

Carter Company disposed of an asset at the end of the eighth year of its estimated life for $10,000 cash.The asset's life was originally estimated to be 10 years.The original cost was $50,000 with an estimated residual value of $5,000.The asset was being depreciated using the straight-line method.What was the gain or loss on the disposal?

• A)$1,000 loss.
• B)$4,000 loss.
• C)$5,500 gain.
• D)$10,000 gain.

---

Definitions:

Antecedents

Conditions or events that precede and influence the occurrence of a behavior or outcome.

Behavior Modification

The use of learning techniques to alter human behavior, especially techniques derived from operant conditioning and classical conditioning.

Organizational Learning

involves the process by which an organization improves its ability to achieve its goals by creating, acquiring, and transferring knowledge, as well as modifying its behavior to reflect new insights and knowledge.

Knowledge Management

The process of capturing, developing, sharing, and effectively using organizational knowledge.