Use the Information Below to Answer the Following Questions

question 22

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2010, a new motor vehicle with a useful life of 4 years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December.
-What was the accumulated depreciation at 31 December 2012?

• A) $42 000
• B) $31 500
• C) $21 000
• D) $52 500.

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Definitions:

Latent

Hidden or dormant, often used to describe something that is not currently active or visible but has the potential to emerge or become active.

Quantitative

Quantitative refers to a type of information or data that is based on quantities or else quantifiable data, often used in statistical analysis to quantify behaviors, opinions, or other defined variables.

Standard Scores

Numeric value that indicates the distance an individual’s raw score is above or below the mean of the reference group in terms of standard deviation units.

Comparisons

The act of evaluating two or more items, individuals, or groups to identify similarities and differences.