The Company Has a Depreciable Asset with a Purchase Price

question 23

Multiple Choice

The company has a depreciable asset with a purchase price of $500 000 and an estimated residual of $20 000.The company estimates that the asset will generate future economic benefits for the next 10 years.You are not sure about what depreciation method to adopt but would like to be aware of the effect of using different depreciation methods.Which of the following is correct with respect depreciation expense for Year 1?

• A)
• \[\begin{array} { | l | l | l | }
• \hline \mathbf { Straight ~line } & \mathbf { Reducing~balance } & \mathbf { Sum-of-digits } \\
• \hline \text { Lowest } & \text { Second highest } & \text { Highest } \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | l | l | l | }
• \hline \mathbf { Straight~ line } & \mathbf { Reducing ~balance } & \mathbf { Sum-of-digits } \\
• \hline \text { Second highest } & \text { Highest } & \text { Lowest } \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | l | l | }
• \hline \mathbf { Straight~ line } & \mathbf { Reducing ~balance } & \mathbf { Sum-of-digits } \\
• \hline \text { Lowest } & \text { Highest } & \text { Second highest } \\
• \hline
• \end{array}\]
• D)
• \[\begin{array} { | l | l | l | }
• \hline \mathbf { Straight~ line } & \mathbf { Reducing~ balance } & \mathbf { Sum-of-digits } \\
• \hline \text { Highest } & \text { Second highest } & \text { Lowest } \\
• \hline
• \end{array}\]

Recognize different types of nutrients and their roles in human health.

Determine the role of dietary fiber in nutrition.

Distinguish between different forms of carbohydrates and their storage.

Identify the major form of fat in foods and how it is stored in the body.

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Definitions:

Goal Setting Theory

A process theory that states that goals are motivational when they are specific and challenging, when organizational members are committed to them, and when feedback about progress toward goal attainment is provided.

ADHD

Attention-Deficit/Hyperactivity Disorder (ADHD) is a neurodevelopmental disorder characterized by problems paying attention, hyperactivity, or impulsiveness that are not appropriate for a person's age.

Inattention

The lack of focus or concentration on a specific task or environment, often noted in various psychological diagnoses.

Hyperactivity

A condition characterized by overly active behavior that can include excessive talking, fidgeting, or difficulty remaining still and focused.