A Photocopy Machine Costs $95,000 When New and Has Accumulated

question 43

Multiple Choice

A photocopy machine costs $95,000 when new and has accumulated depreciation of $88,000. Suppose the company junks this machine and receives nothing. What is the result of the disposal transaction?

• A)loss of $ 7,000
• B)no gain or no loss
• C)loss of $ 11,000
• D)gain of $ 7,000

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Definitions:

Hippocampus

A region of the brain crucial for learning and memory, particularly in forming new memories and connecting emotions and senses to these memories.

Frontal Lobes

Regions of the brain located at the front part of the cerebral cortex, involved in decision making, problem solving, and control of behavior and emotions.

Memory Consolidation

The process by which short-term memories are transformed into long-term memories, making them stable over time.

Priming

The activation, often unconsciously, of certain associations, thus predisposing one’s perception, memory, or response.