A Fixed Asset with a Cost of $30,000 and Accumulated

question 48

Multiple Choice

A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?

• A) $2,000 loss
• B) $1,500 loss
• C) $3,500 gain
• D) $2,000 gain

Grasp the importance of operational definitions in conducting and replicating psychological research.

Recognize biases and errors in reasoning within psychological research, including the dangers of generalization.

Understand the concept of replication in research and its importance for the reliability of findings.

Comprehend the role of critical thinking in evaluating psychological research and theories.

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Definitions:

Trade Route

Established paths or corridors across land or sea along which goods are transported and traded between different geographic areas or countries.

Canal System

A network of artificial waterways constructed to allow for the transportation of goods and people, often playing a key role in economic development.

Epic of Deganawidah

A traditional Iroquois (Haudenosaunee) narrative that captures the founding and philosophies of the Iroquois Confederacy, emphasizing peace and unity among the five (later six) nations.

Iroquois Confederation

A historic alliance of six Native American tribes in the northeastern United States, known for their sophisticated political system and influence in the region.