From a Stationary Position,I Observe a Moving Boxcar,which Has a Mirror

question 86

Multiple Choice

From a stationary position,I observe a moving boxcar,which has a mirror along the front wall,but it is open at the back of the boxcar.I send a flash of light from my flashlight and time the flash of light as it goes to the front of the boxcar and returns to the back of the boxcar.A passenger in the boxcar also times the round trip of the flash of light.Compare the times recorded on our watches.

• A)The time recorded on his watch is longer.
• B)The time recorded on the two watches is the same.
• C)The time recorded on his watch is shorter.
• D)The answer depends on the reference system you are in.

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Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows, given a specified rate of return, rephrasing the value of future money in today's terms.

Economic Life

The duration during which an asset remains useful and productive for its intended purpose.

Capital Lease

A lease classified as a financial transaction where the lessee essentially buys an asset and finances it over time.

Straight-Line Method

A depreciation method that allocates an equal amount of the depreciable cost of an asset to each year of the asset's useful life.