Refer to the Information Above

question 38

Multiple Choice

Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and rounds depreciation for fractional years to the nearest month. Depreciation expense recognized on this machinery in 2009 and 2010 will be:

• A) $2,333 in 2009 and $7,000 in 2010.
• B) $5,833 in 2009 and $10,000 in 2010.
• C) $6,667 in 2009 and $10,000 in 2010.
• D) $10,000 in 2009 and $10,000 in 2010.

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Definitions:

Role Continuity Principle

A psychological principle suggesting that individuals are more likely to maintain a consistent self-concept and psychological well-being when they can maintain consistent social roles over time.

Consistent Over Time

A principle stating that certain attributes, behaviors, or patterns remain stable across different periods in an individual's life.

Social Roles

The parts individuals play as members of a social group, which meet the expectations, behaviors, and actions that society ascribes to them.

Cumulative Continuity Principle

The idea that personality becomes more stable and unchanging as a person gets older.