Malea Sold a Machine for $140,000

question 10

Multiple Choice

Malea sold a machine for $140,000.The machine originally cost $90,000 and $10,000 of MACRS depreciation had been allowable.The buyer assumed an existing loan of $40,000,paid $20,000 cash down and agreed to pay $10,000 per year for eight years plus interest.Selling expenses are $10,000.The contract price is

• A)$40,000.
• B)$80,000.
• C)$100,000.
• D)$130,000.

---

Definitions:

Evolutionary Forces

Natural mechanisms, including mutation, genetic drift, gene flow, and natural selection, that lead to changes in gene frequencies within populations over time.

Financial Resources

Financial resources refer to money or any other assets that can be used to support an organization, individual, or project.

Refractory Period

A phase right after stimulation when a nerve or muscle cannot respond to additional stimulation.

Plateau Phase

A stage in sexual response where arousal is maintained at a high level, often preceding orgasm.