Consider an Asset for Which the Following Information Is Available

question 56

Multiple Choice

Consider an asset for which the following information is available: Carrying value at Dec 31, 2020 before depreciation 59,000
Calculated depreciation for2020................................$2,400
Original cost...............................................................$24,000
Reridual value............................................................$8,500
Remaining useful life..................................................3 years The depreciation expense for 2020 is

• A) $3,100.
• B) $3,000.
• C) $2,400.
• D) $500.

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Definitions:

Passive-aggressive

A behavior characterized by indirect expression of hostility or resentment, often through procrastination, sullenness, or intentional inefficiency.

Directive-assertive

A communication style characterized by direct expressions of needs and wants, often with the expectation of compliance from others.

Passive

A state of acceptance or non-resistance to external events or situations, often implying a lack of active response.

Aggressive

Characterized by or resulting from a forceful and sometimes overly assertive pursuit of one's goals.