The Following Information Is Given for Building Inc During 2005 New Assets Were Purchased for of $78,000, and |

question 57

Multiple Choice

The following information is given for Building Inc.:
$$\begin{array} { | l | c | c | } \hline \text { As of } 12 / 31 & 2005 &{ 2004 } \\\hline \text { PP\&E } & \$ 570,000 & \$ 530,000 \\\hline \text { Accumulated Depreciation } & \$ 102,000 & \$ 92,000 \\\hline \text { Depreciation Expense } & \$ 30,000 & \$ 32,000 \\\hline\end{array}$$ During 2005 new assets were purchased for of $78,000, and plant assets were sold at a $10,000 loss.
-Beginning and ending prepaid insurance is, respectively, $36,000 and $26,500. During the period, $30,500 of insurance expense was recorded. How much new insurance was purchased?

• A) $2,500
• B) $15,600
• C) $49,000
• D) $21,000

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Definitions:

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to limbs and organs.

Somatic Nervous System

A part of the peripheral nervous system responsible for voluntary control of body movements through control of skeletal muscles.

Efferent Nervous System

Part of the nervous system responsible for carrying signals away from the brain and spinal cord to muscles, thereby instructing them to act or move.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.