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Jason and Julia arrive home from school and are trying to decide whether or NOT they should have a cookie.Jason says,"Mom didn't give us permission and we might get caught." Julie responds "I think it will be OK as long as we don't make a mess,because we are still three hours from dinnertime." Jason is at the ___ stage of moral reasoning,and Julia is at the ___ stage.
Salvage Value
The anticipated remaining value of an asset once it has completed its functional lifespan, typically taken into account in computations of depreciation.
Natural Resources
Assets that come from the Earth and are used to produce goods and services, such as timber, oil, and minerals.
Units-of-Activity Method
The Units-of-Activity method is a depreciation approach based on the estimated usage, activity, or units produced over the asset's useful life, making depreciation expense directly proportional to its productivity.
Depreciated
The method of distributing the expense of a physical asset across its lifespan, indicating its diminishing value as time passes.
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