Equipment Costing $10 000 Was Sold by One Entity Within

question 24

Multiple Choice

Equipment costing $10 000 was sold by one entity within a group to another for $4000. Accumulated depreciation at date of sale was $3000. The consolidation entry will contain the following adjustment to the amount of the Equipment:

• A) Increase of $1000
• B) Reduction of $1000
• C) Increase of $3000
• D) Reduction of $3000.

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Definitions:

Schizophrenia

A persistent psychological disorder characterized by disintegration in the connection between cognition, feeling, and conduct, resulting in incorrect perceptions, unsuitable behaviors and emotions, retreat from actuality and social interactions into fantasy and misconception, alongside a feeling of psychological disunity.

Emotional Blunting

A reduction in the intensity of emotional responses or a diminished ability to experience feelings, often as a side effect of certain medications or psychological conditions.

Schizophrenia

A significant psychological condition marked by altered cognition, perception, feelings, speech, identity, and conduct.

Severe Form

A term indicating an intense, serious, or extreme version or manifestation of a condition, situation, or disease.