A Machine Was Purchased for $50,000

question 176

Multiple Choice

A machine was purchased for $50,000.It has a current carrying value of $32,500 and had a depreciable cost of $45,000.Its estimated residual value must have been

• A)$5,000.
• B)$12,500.
• C)$17,500.
• D)impossible to determine from the facts given.

---

Definitions:

Social Movements

Collective, organized campaigns aimed at achieving a particular social, political, economic, or cultural goal, often outside of institutionalized political channels.

Marginal

Positioned at the fringe or edge, often referring to groups or individuals that are considered outside the mainstream of society or economically and socially disadvantaged.

Socially Engaged

Active participation in community or societal issues and efforts to promote social change.

Cultural Lag

A theory suggesting that culture takes time to catch up with technological innovations, leading to social problems.