On 31 December 2019 a Machine with a Cost of $150

question 30

Multiple Choice

On 31 December 2019 a machine with a cost of $150 000 has accumulated depreciation written off of $90 000. If the machine was sold for $80 000 on 1 January 2020 how much will be recognised to the account "Carrying amount on the disposal of machinery"?

• A) $80 000
• B) $150 000
• C) $60 000
• D) $90 000

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Definitions:

God's Laws

The moral and ethical codes believed to be ordained by a divine entity, often found within religious texts or traditions.

Golden Rule

A moral principle that advises treating others as one would want to be treated oneself.

Ethical Egoism

A moral philosophy that posits individuals should act in their own self-interest because it is the moral thing to do.

Principle of Utility

A foundational concept in utilitarianism that suggests the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.