Based on the Following Information, What Is the Net Amount

question 29

Multiple Choice

Based on the following information, what is the net amount that this equipment should be reported at in the balance sheet at December 31, 2021? $$\begin{array} { | l | r | } \hline \text { Cost } & \$ 500,000 \\\hline \text { Accumulated depreciation } & 230,000 \\\hline \text { Value in use (sum of discounted cash flows) } & 250,000 \\\hline \text { Fair value } & 240,000 \\\hline \text { Disposal costs } & 10,00 \\\hline\end{array}$$

• A)$230,000
• B)$240,000
• C)$250,000
• D)$270,000

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Definitions:

Propriate Striving

An aspect of Gordon Allport's personality theory, focusing on the individual's striving for self-enhancement, mastery, and accomplishment.

Criteria

Standards or principles by which something is judged or decisions are made.

Psychologically Healthy

Pertains to a state of mental and emotional well-being where an individual can use their cognitive and emotional capabilities, function in society, and meet the ordinary demands of everyday life.

Trait Theory

A psychological perspective that focuses on the identification and measurement of consistent personality characteristics (traits) that vary among individuals.