Avatar,Inc

question 230

Multiple Choice

Avatar,Inc.bought a machine on January 1,2011 for $96,000.The machine is expected to last for 8 years,after which it will be worthless.How much accumulated depreciation will Avatar report at December 31,2012?

• A)$96,000
• B)$72,000
• C)$12,000
• D)$24,000

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Definitions:

Cohort Effects

Differences among people that stem from being born at different times or periods, leading to distinctive formative experiences.

Intelligence Tests

Standardized tools designed to measure a person's cognitive abilities and intellectual potential.

Testing Bias

A flaw in the design, administration, or interpretation of tests that results in systematically unfair outcomes or assessments for certain groups of people.

Fluid Intelligence

The capacity to solve novel problems, reason abstractly, and identify patterns, without relying on existing knowledge.