On December 31,Strike Company Traded-In One of Its Batting Cages

question 31

Multiple Choice

On December 31,Strike Company traded-in one of its batting cages for another one that has a cost of $500,000.Strike receives a trade-in allowance of $11,000.The old equipment had an initial cost of $215,000 and has accumulated depreciation of $185,000.Depreciation has been recorded up to the end of the year.The difference will be paid in cash.What is the amount of the gain or loss on this transaction?

• A)loss of $11,000
• B)no loss or gain will be recorded
• C)loss of $19,000
• D)gain of $11,000

Explore the effectiveness of core power tactics and their impact on influence processes.

Grasp the concept of instrumental compliance and resistance in response to influence attempts.

Explain how political tactics function within organizational decision-making.

Recognize the role of power sources like expert, referent, and legitimate power in influencing others.

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Definitions:

Market Price

is the current price at which a product, security, or commodity can be bought or sold in a marketplace.

Value

An individual’s value for a good or service is the amount of money he or she is willing to pay for it.

Law of Diminishing Marginal Value

, also known as the Law of Diminishing Marginal Utility, states that as a person consumes more of a product, the satisfaction or utility from consuming each additional unit declines.

First Slice

The initial allocation or offering of a resource, opportunity, or product, indicating priority or privilege in its reception.