Equipment Is Purchased for $50 000

question 54

Multiple Choice

Equipment is purchased for $50 000.It is to be depreciated on a diminishing balance basis using a rate of 10%.How much will be charged for depreciation expense for year 3 of the machine's life?

• A) $4 050
• B) $5 000
• C) $4 500
• D) $15 000

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Definitions:

Nature-Nurture

A debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Behavior

The actions or reactions of an organism, often in response to external stimuli, observable by others.

Generations

Groups of individuals, most often within a society, who are born and live around the same time, sharing similar cultural experiences, values, and attitudes.

Industrial/Organizational Psychologist

A professional who applies psychological principles and research methods to the workplace to improve productivity and employee wellbeing.