Kovacic Company Purchased a Computer That Cost $10,000

question 4

Multiple Choice

Kovacic Company purchased a computer that cost $10,000.It had an estimated useful life of five years and residual value of $0.The computer was depreciated by the straight-line method and was sold at the end of the fourth year of use for $3,000 cash.What should Kovacic record?

• A)A gain of $1,000.
• B)A loss of $1,000.
• C)Neither a gain nor a loss-the computer was sold at its book value.
• D)Neither a gain nor a loss-the gain that occurred in this case would not be recognized.

Evaluate the effects of Stoicism and Hedonism on individual character and moral responsibility.

Compare and contrast the methodologies and goals of Stoicism and Hedonism in achieving the good life.

Understand the differences between hedonism, egoism, altruism, and ethical theories.

Identify the stance of psychological egoism regarding human motivation.