Under Both the Retirement and Replacement Systems of Amortization, No

question 171

True/False

Under both the retirement and replacement systems of amortization, no gain or loss is recognized on disposal, but an accumulated amortization account continues to be used.

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Definitions:

Extinction

The process by which a previously learned behavior diminishes in frequency or disappears as a result of the absence of reinforcement.

Spontaneous Recovery

A phenomenon in classical conditioning where a previously extinguished response re-emerges after a period of non-exposure to the conditioned stimulus.

Psychodynamic

A psychological perspective that emphasizes the influence of the unconscious mind on behavior.

Humanistic

Relating to or supporting the principles of humanism, emphasizing the value and agency of human beings, individually and collectively.