If a Year's Depreciation Is Charged on a Piece of Equipment,the

question 52

Multiple Choice

If a year's depreciation is charged on a piece of equipment,the effect on the accounting equation is that:

• A) an asset increases and another asset decreases
• B) an asset decreases and owners' equity decreases
• C) an asset decreases and a liability decreases
• D) a liability increases and owners' equity decreases.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the effects of consequences on behavior modification.

Extinction

In psychology, the process through which a conditioned response decreases in frequency and eventually disappears.

Artwork

Products of artistic value or creation, encompassing a wide range of forms such as paintings, sculpture, and literature.

Classical Conditioning

Classical conditioning is a learning process where a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.