A Fixed Asset with a Cost of $30,000 and Accumulated

question 27

Multiple Choice

A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset?

• A) $2,500 loss
• B) $1,500 loss
• C) $2,500 gain
• D) $1,500 gain

Differentiate between evolved function and adaptive value in the context of specific traits or behaviors.

Comprehend the gene-centered view of evolution and how it explains natural selection.

Identify examples of convergent and divergent evolution and their significance in evolutionary biology.

Develop the ability to critically evaluate hypotheses and experimental approaches in evolutionary biology.

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Definitions:

Individualist Cultures

Societies that emphasize personal achievements and rights, prioritizing individual goals over group objectives.

Collectivist Cultures

Societies that prioritize the needs and goals of the group over the individual, emphasizing interdependence, family ties, and social harmony.

Cost/Benefit Ratio

A comparison of the costs involved in an action to the benefits derived from that action, used in decision-making and evaluation of projects or investments.

Barnum Effect

The tendency for people to accept vague and general personality descriptions as highly accurate for themselves.