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.

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Definitions:

Between 40 And 60 Percent

A range indicating that an occurrence or characteristic is present in at least forty percent but not more than sixty percent of cases.

Reward Areas

Regions of the brain, such as the nucleus accumbens, involved in the sensation of pleasure and reinforcement of behaviors.

Extraversion

A personality trait characterized by outgoingness, high energy, and engagement in social activities.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fears.