Use the Information Below to Answer the Following Questions

question 3

Multiple Choice

Use the information below to answer the following questions.
Norman Ltd purchased a motor vehicle for $45,000 on 1 July 2009. The vehicle was expected to have a 4-year life and a $13,000 trade-in value, and was expected to be driven for 160,000 km. The financial period ends on 30 June.
-Assuming Norman Ltd used the straight-line method of depreciation,the net book value at 30 June 2012 was:

• A) $8000
• B) $11 250
• C) $21 000
• D) $29 000.

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Definitions:

Postindustrial Revolution

The phase following the Industrial Revolution, characterized by a shift from manufacturing-based economies to service-oriented and information-based ones.

Class Conflict

Refers to tensions and antagonisms in society arising from the socio-economic interests of people belonging to different social classes.

Marx's Theory

A social, political, and economic philosophy named after Karl Marx, which examines the effect of capitalism on labor, productivity, and economic development and argues for a worker revolution to overturn capitalism in favor of communism.

Weber's Theory

Max Weber's sociological framework that emphasizes the importance of social actions and the structures of society, including class, status, and power.