On January 1, 2021, Kapoor Co

question 85

Multiple Choice

On January 1, 2021, Kapoor Co. sold equipment to its subsidiary, Howard Corp., for $125,000. The equipment had cost $150,000, and the balance in accumulated depreciation was $70,000. The equipment had an estimated remaining useful life of eight years and no salvage value. Both companies use straight-line depreciation. On their separate 2021 income statements, Kapoor and Howard reported depreciation expense of $86,000 and $64,000, respectively. The amount of depreciation expense on the consolidated income statement for 2021 would have been:

• A) $134,375.
• B) $144,375.
• C) $150,000.
• D) $155,625.
• E) $165,625.

Recognize the historical evolution of Information Technology (IT) infrastructure in organizations.

Identify the different models of cloud computing (IaaS, PaaS, SaaS) and their respective user management levels.

Comprehend how cloud computing supports resource sharing and on-demand services.

Understand how grid and utility computing contribute to the evolution of cloud computing.

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Definitions:

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values are close to the mean.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Dependent Variable

In experimental and statistical research, the variable that is being tested and measured to see if it is affected by changes in another variable (the independent variable).