In General,a Cost Incurred in Conjunction with a Long-Term Asset

question 9

Multiple Choice

In general,a cost incurred in conjunction with a long-term asset is included in the long-term asset account when the cost

• A)is incurred subsequent to asset use.
• B)exceeds a certain dollar amount.
• C)is incurred prior to asset use.
• D)will expire in less than one year.

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Definitions:

Negative Reinforcement

Negative Reinforcement is a concept in behavior psychology where the removal of an unfavorable outcome or stimulus following a desired behavior increases the likelihood of that behavior being repeated.

Punishment

A consequence given for a behavior perceived as wrong or undesirable, often with the intent to correct or deter such behavior.

Positive Reinforcement

A technique in behavior management that increases the likelihood of a desired behavior by rewarding it.

Punishment

A penalty imposed for wrongdoing, intended to discipline or deter undesirable behavior.