Royal Plastics Provides the Following Information About Its Moulding Machinery

question 35

Multiple Choice

Royal Plastics provides the following information about its moulding machinery: $\begin{array}{ll}\text {Opening balance of machinery account }&\$500,000\\\text { Closing balance of machinery account }&\$650,000\\\text {Depreciation expense for the year }&\$50,000\\\text {Depreciation charged on machinery sold }&\$130,000\\\text { Profit on sale of machinery}&\$20,000\\\text { Caryving value of machinery sold}&\$90,000\\\end{array}$

- How much cash was received from the disposal of machinery?

• A)$100 000
• B)$20 000
• C)$110 000
• D)$90 000

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Definitions:

Humanistic

Pertaining to a psychological perspective focusing on individual free will, self-fulfillment, and the concept of self-actualization.

Theoretical Approach

A method or strategy used in research and practice that is grounded in theory and guides the processes of inquiry and interpretation.

Carl Rogers

An influential American psychologist who founded client-centered therapy and emphasized the importance of self-actualization and unconditional positive regard.

Unconditional

Something given or done without requiring anything in return or without stipulations or conditions attached.