A Company Bought a New Display Case for $42,000 and Was

question 44

Multiple Choice

A company bought a new display case for $42,000 and was given a trade-in of $2,000 on an old display case,so the company paid $40,000 cash with the trade-in.The old case had an original cost of $37,000 and accumulated depreciation of $34,000.The company should record the value of new display case at:

• A)$2,000
• B)$3,000
• C)$40,000
• D)$42,000
• E)$43,000

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Definitions:

External Causes

Involves factors or circumstances outside an individual or system that impact outcomes or situations.

Internal Causes

Factors within a person, such as beliefs, desires, or personality traits, that explain their behaviors and decisions.

Law of Contingent Reinforcement

The Law of Contingent Reinforcement posits that the effectiveness of reinforcement (such as rewards or punishments) is dependent on its being administered contingent upon the occurrence of the behavior it is meant to encourage or discourage.

Desirable Behavior

Actions or conduct that are viewed positively and encouraged within a particular social or organizational culture.