On 1 January 2015,a New Motor Vehicle with a Useful

question 24

Multiple Choice

On 1 January 2015,a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000.The straight-line method is employed and the financial year ends on 31 December.
- What was the net book value at 31 December 2017?

• A) $12 500
• B) $22 500
• C) $42 000
• D) $43 500

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Definitions:

Male Chauvinism

Male chauvinism is the belief in the superiority of men over women, leading to discrimination and bias against women.

Sex Stereotyping

The assignment of beliefs, roles, and attributes to individuals solely based on their sex, often leading to discriminatory practices.

Psychological Sex Differences

The distinctions in mental processes and behaviors typically observed between males and females, often resulting from both biological and social influences.

Reliable

The quality of being consistently good in quality or performance; able to be trusted or depended upon.