Piaget's Term for the Knowledge That an Object Exists Even

question 31

Multiple Choice

Piaget's term for the knowledge that an object exists even when it is out of sight is:

• A)conservation.
• B)object permanence.
• C)assimilation.
• D)egocentrism.

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Definitions:

Estimated Life

The expected duration or operational lifespan of an asset, determining how long it will be useful and depreciated in accounting records.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life, also considered in depreciation calculations.

Asset Improvements

Enhancements or upgrades made to a company's assets to increase their efficiency, productivity, or value.

Ordinary Maintenance

Ordinary maintenance involves the routine upkeep and repairs necessary to maintain assets in their current condition, without significantly enhancing their value or extending their life.