A Company Bought a New Display Case for $42,000 and Was

question 44

Multiple Choice

A company bought a new display case for $42,000 and was given a trade-in of $2,000 on an old display case,so the company paid $40,000 cash with the trade-in.The old case had an original cost of $37,000 and accumulated depreciation of $34,000.The company should record the value of new display case at:

• A)$2,000
• B)$3,000
• C)$40,000
• D)$42,000
• E)$43,000

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Definitions:

Motivated

Being driven or encouraged to act or accomplish something, often due to personal desire or external rewards.

Motivational Strategy

Techniques or plans designed to inspire individuals towards achieving certain goals or improving performance.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Physiological Needs

Basic physical requirements for human survival, such as food, water, shelter, and sleep; the foundation of Maslow's hierarchy of needs.