Wong Purchased a Computer for $15 000, Net of GST

question 12

Multiple Choice

Wong purchased a computer for $15 000, net of GST. Originally it had an estimated useful life of 4 years and a residual value of $3000. The straight-line method is used. At the start of the third year of usage Wong revised the life of the computer to a total life of 6 years. The residual value had not changed. What depreciation expense should be recorded for the computer for year 3?

• A) $1000
• B) $1500
• C) $3000
• D) $4000

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Definitions:

Evaluators

Professionals who conduct assessments to gather and interpret data for making informed decisions in various contexts such as education, health, and organizational settings.

Informal Assessment

An evaluation method that does not follow standardized procedures, often used for observations, interviews, or unstructured tasks.

Bias

In assessments or measurements, it refers to systematic errors that skew results away from the true or intended measurement.