Exhibit 11-2 Bryan Purchased a Business Computer for $4, 500

question 62

Multiple Choice

Exhibit 11-2 Bryan purchased a business computer for $4, 500 on August 3, 2010.It has an estimated residual value of $500 and an expected service life of five years.Bryan uses double-declining-balance depreciation computed to the nearest whole month.
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Refer to Exhibit 11-2.Depreciation expense for 2011 should be

• A)$ 600
• B)$ 667
• C)$ 750
• D)$1, 500

Define key taxation concepts including marginal tax rate, horizontal equity, and the principles that justify certain taxes.

Discuss the trade-offs between equity and efficiency in tax systems and the justification of taxes based on the benefits principle.

Understand the concept of deadweight loss in the context of taxation and its impact on surplus.

Identify the purposes of specific taxes and government programs funded through taxation.

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Definitions:

Motor Coordination

The ability to move and control body movements and positions efficiently through the coordinated action of muscles and the nervous system.

Gonads

The primary reproductive organs in animals that produce gametes; in males, they are the testes, and in females, the ovaries.

Thyroid

A gland located in the neck that produces hormones regulating the body's metabolic rate as well as heart and digestive function, muscle control, brain development, and bone maintenance.

Thalamus

A structure in the brain that relays motor and sensory signals to the cerebral cortex.