Mighty Models Acquired a Machine for $20 000 on 31

question 14

Multiple Choice

Mighty Models acquired a machine for $20 000 on 31 December 2018. Calculate depreciation for the year ended 31 December 2020 using the diminishing-balance method at 12% p.a. Assume a nil residual value.

• A) $1800
• B) $2000
• C) $2112
• D) $2400

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Definitions:

Reactive Schizophrenia

refers to a subtype of schizophrenia that is triggered by a stressful event, with symptoms that are more responsive to treatment compared to other forms.

Drug Therapy

The treatment of disease or disorder through the administration of pharmaceutical drugs.

Positive Symptoms

Refers to an excess or distortion in normal functions or behaviors, often associated with psychiatric conditions like schizophrenia.

Fluid-filled Areas

Spaces within the body or a biological structure that contain liquid; often refers to cavities or sacs filled with fluid.