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

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Definitions:

Herzberg's Motivation-Maintenance Theory

A refined explanation of Herzberg's theory specifying motivation factors that inherently motivate employees and hygiene factors needed to prevent dissatisfaction.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, describing a five-tier model of human needs, arranged in a hierarchy that must be fulfilled sequentially from basic physiological needs to self-actualization.

Satisfied Needs

Fulfillment of wants or necessities required for an individual's well-being or contentment.

Intrapreneurship

Refers to the practice of fostering entrepreneurial behavior within a large organization, encouraging employees to innovate and pursue new ideas.