The Equipment Had an Estimated Useful Life of Five Years

question 32

Multiple Choice

The equipment had an estimated useful life of five years.Compute the book value of the equipment at March 31,after the proper March adjustment is recorded.

• A)$10,833
• B)$15,167
• C)$25,567
• D)$10,400

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Definitions:

Decentralised Firms

Companies that grant a high degree of autonomy to their subdivisions or units, allowing for decision-making and operations to be managed locally.

Goal Congruence

The alignment of individual objectives with the overall objectives of the organization, ensuring that all members are working towards the same goals.

Transfer Price

The pricing of goods, services, or tradable assets between affiliated divisions within the same organization.

Autonomy

The degree of self-governance or independence an individual or entity has to make decisions without external influence.