Tina's Event Planning Bought a Computer Worth $4,000 with an Expected

question 46

Multiple Choice

Tina's Event Planning bought a computer worth $4,000 with an expected life of 4 years and a residual value of $800.What is the adjusting journal entry after the first year?

• A)
• \(\begin{array}{|l|l|}
• \hline\text { Computer } & 800 \\
• \hline \text { Depreciation Expense } & 800\\\hline
• \end{array}\)
• B)
• \[\begin{array} { | c | c | }
• \hline \text { Computer } & 800 \\
• \hline \text { Accumulated Depreciation, Computer } & 800 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | c | c | }
• \hline \text { Depreciation Expense } & 800 \\
• \hline \text { Accumulated Depreciation, Computer } & 800 \\
• \hline
• \end{array}\]
• D)
• \(\begin{array}{|l|l|}
• \hline\text { Depreciation Expense } & 800 \\
• \hline \text { Computer } & 800\\\hline
• \end{array}\)

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Definitions:

Multiple Level Selling

A marketing strategy that involves selling products through a network of distributors or representatives who earn income from both direct sales to customers and the sales of recruited team members.

Multibrand Strategy

A marketing strategy that involves selling multiple competing brands within a single company's portfolio.

Perceived Value

The value a consumer assigns to a product based on their personal assessment rather than its objective market value.

Cannibalization

Cannibalization occurs when a company's new product or service eats into the sales of one of its existing offerings, often unintentionally harming overall revenue.