Tim's Electrical Service Purchased Tools for $6,000 $\begin{array}{l|l}\text { Depreciation Expense } & 300 \\\hline \text { Tools } && 300\end{array}$

question 9

Multiple Choice

Tim's Electrical Service purchased tools for $6,000.They have an expected life of 20 months and no residual value.The adjusting journal entry for the month is:

• A)
• \(\begin{array}{l|l}
• \text { Depreciation Expense } & 300 \\
• \hline \text { Tools } && 300
• \end{array}\)
• B)
• \(\begin{array}{l|l}
• \text { Depreciation Expense } & 300 \\
• \hline \text { Accumulated Depreciation } && 300
• \end{array}\)
• C)
• \[\begin{array} { | c | l | }
• \hline \text { Accumulated Depreciation } & 300 \\
• \hline \text { Depreciation Expense } &300\\\hline
• \end{array}\]
• D)
• \(\begin{array}{l|l}
• \text { Accumulated Depreciation } & 300 \\
• \hline \text { Equipment } && 300
• \end{array}\)

Comprehend the effects of technological and market changes on Hollywood's business model.

Evaluate the role of individual filmmakers and movements in challenging and changing the Hollywood system.

Track the emergence of new revenue models and negotiation tools for talent and studios.

Identify significant partnerships between studios and other entertainment or corporate entities for diversification.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Public Sector

The part of the economy composed of government services and institutions, funded and operated by the government.

Domestic Output

Domestic output, also known as gross domestic product (GDP), is the total value of all goods and services produced within a country's borders in a specific time period.

Federal Government Revenue

The income the federal government receives from taxes, fees, and earnings from its investments, used to fund public services and obligations.