Use the Information Below to Answer the Following Questions

question 2

Multiple Choice

Use the information below to answer the following questions:
Creep Ltd purchased a machine for $100 000 on 1 January 2010. It has an estimated useful life of 5 years. Creep Ltd’s financial period ends on 31 December. The machine was depreciated using the reducing balance method at 60%.
-What was the balance of accumulated depreciation at 31 December 2012?

• A) $84 000
• B) $93 600
• C) $97 440
• D) $60 000.

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Definitions:

Sustain Behavior

The ability to maintain an action or conduct over time, even in the face of challenges.

Socialized Power Orientation

A leadership approach focused on using power primarily for the benefit of others rather than for personal gain.

Empower Subordinates

Providing lower-level employees with the authority and confidence to make decisions and take action in their roles.

Social Objectives

These refer to the goals or aims that benefit society as a whole, often focusing on issues like welfare, education, and environmental protection.