Jason Moore Purchased Computer Equipment for $5,000 on January 1,2015

question 8

Multiple Choice

Jason Moore purchased computer equipment for $5,000 on January 1,2015.It has a residual value of $200 with a useful life of 6 years.After the appropriate adjusting entries have been made,the balance in Accumulated Depreciation account for this asset on January 1,2017,under the straight-line method,should be:

• A)$800.
• B)$1,600.
• C)$2,400.
• D)$3,200.

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Definitions:

Material Handling Systems

Equipment and procedures designed to manage the movement, protection, storage, and control of materials throughout manufacturing, warehousing, distribution, consumption, and disposal.

Electronically Communicate

The process of exchanging information and conducting transactions through electronic means, such as email, instant messaging, and electronic data interchange (EDI).

MRP System

Material Requirements Planning System, a computer-based system used for planning and scheduling production and inventory control.

Bill of Materials

A comprehensive list detailing all materials, components, and assemblies required to build or manufacture a finished product.