Joan Bought a Business Machine for $15,000 on January 1,2013,and

question 5

Multiple Choice

Joan bought a business machine for $15,000 on January 1,2013,and later sold the machine for $12,800 when the total allowable depreciation is $8,500.The depreciation actually taken on the tax returns totaled $8,000.Joan must recognize a gain (or loss) of

• A)no gain or loss.
• B)($3,200).
• C)$6,800.
• D)$6,300.

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Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Kohlberg's

Pertains to Lawrence Kohlberg's theory of moral development, which proposes that moral reasoning develops in stages throughout a person's life.

Naïve Reward Orientation

An approach where individuals expect immediate gratification for their actions, without a comprehensive understanding of the consequences or the effort required.

Social Contract Orientation

This refers to the view in moral and political philosophy that individuals' moral and political obligations are dependent upon a contract or agreement among them to form the society in which they live.