Inventories of Computer Hardware, Calculators, and Copiers for Tax Purposes

question 2

Multiple Choice

Inventories of computer hardware, calculators, and copiers for tax purposes are

• A) deducted as a practice expense for the year in which they are purchased.
• B) depreciated over 2 years.
• C) depreciated over 5 years.
• D) depreciated over 7 years.

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Definitions:

Condensation Polymer

A type of polymer formed by the reaction of monomer molecules, where each reaction results in the elimination of a small molecule, such as water.

Dacron

A registered trademark for a polyester fiber that is durable, resistant to stretching and shrinking, and used in textiles.

Addition Polymer

A polymer formed by the sequential addition of monomer molecules with unsaturated bonds, without the loss of any molecule or atom.

Condensation Polymer

A type of polymer formed by the reaction of two monomers with the release of a small molecule, often water, in the process.