Eastern Rug Distributors Acquired a Computer for $ 7000 on 31

question 19

Multiple Choice

Eastern Rug Distributors acquired a computer for $ 7000 on 31 December 2010.Calculate depreciation for the year ended 31 December 2012 using the diminishing-balance method at 20% p.a.Assume a nil residual value.

• A)$1400
• B)$700
• C)$2800
• D)$1120

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Definitions:

Triandis

Harry C. Triandis is a social psychologist known for his work on cultural psychology and the study of individualism and collectivism in shaping behavior and social relations.

Social Relations

Refers to the ways in which individuals interact and form connections with one another, influenced by social structures, norms, and cultural factors.

Sociometer Theory

A theory suggesting that self-esteem is a gauge that measures the quality of our relationships with others and our social acceptance.

Ostracized

describes the act of excluding or ignoring someone from a group or society.