Data,IncPurchased Some Fixed Assets Four Years Ago at a Cost

question 5

Multiple Choice

Data,Inc.purchased some fixed assets four years ago at a cost of $19,800.It no longer needs these assets,so it is going to sell them today at a price of $3,500.The assets are classified as 5-year property for MACRS.The MACRS table values .2000,.3200,.1920,.1152,.1152,and .0576 for Years 1 to 6,respectively.What is the current book value of these assets?

• A)$1,140.48
• B)$3,421.44
• C)$3,500.00
• D)$4,016.67
• E)$5,702.40

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Definitions:

Lateral Prefrontal Cortex

A region of the prefrontal cortex involved in high-level cognitive functions, including decision-making and working memory.

Hypothalamus

Small structure in the brain located below the thalamus and directly above the pituitary gland, responsible for motivational behavior such as sleep, hunger, thirst, and sex.

Hofstede's Dimensions

A framework for cross-cultural communication developed by Geert Hofstede, which identifies six dimensions of culture that affect people's work behaviors and attitudes.

Cultural Personality

The collective psychological traits, behaviors, and characteristics shared by members of a specific culture or society.