Answer:
c. an estimate of a plant asset's value at the end of its useful life
Explanation:
The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.
The treatment of the residual value under the straight-line method or any other method is shown below:
The depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ estimated life in years
The residual value should always be deducted from the original cost of fixed asset
An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
<h3>What do you mean by material quantity variance?</h3>
The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.
The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.
Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
Learn more about Material Quantity variance here:
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Answer: stability
Explanation: In simple words ,The probability that the origin of the attribution would change over a duration of time is called attribution. For instance, if a person decides to get such a big promotion, they might equate it to a lack of skill.
This suggests uncertainty, as the person must improve their skills and obtain an education in order to ultimately influence the outcome. It is not a sustainable situation, but one that can be modified by behavioral change.
Thus, from the above we can conclude that the correct option is D.