An improvement made to a machine increased its fair market value and its production capacity by 25 percent without extending the machine's useful life. The cost of the improvement should be
a. expensed.
b. debited to Accumulated Depreciation.
c. capitalized in the machine account.
d. allocated between Accumulated Depreciation and the machine account.
C
Business
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The process of interpreting and understanding one's environment is called
A. self-awareness. B. perception. C. cognition. D. self-monitoring. E. openness to experience.
Business
The term "chronological order" is best associated with:
a. a journal. b. a trial balance. c. credit entries. d. capital stock.
Business
Which of the following occurs when the team can produce something beyond the sum of individual member contributions?
A. synergy B. collaboration C. collective effort D. work group
Business
Which virtue acknowledges the shortcomings of our own culture?
A. truth B. dignity C. humility D. solidarity
Business