Hercules Company Purchased a Computer for $4,500 on December 1

question 137

Multiple Choice

Hercules Company purchased a computer for $4,500 on December 1. It is estimated that annual depreciation on the computer will be $900. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

• A) Debit Depreciation Expense, $900; Credit Accumulated Depreciation, $900.
• B) Debit Depreciation Expense, $75; Credit Accumulated Depreciation, $75.
• C) Debit Depreciation Expense, $3,600; Credit Accumulated Depreciation, $3,600.
• D) Debit Office Equipment, $4,500; Credit Accumulated Depreciation, $4,500.

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Definitions:

ABA Design

An experimental design consisting of a baseline period (A), an intervention period (B), followed by a return to the baseline condition (A).

ABAB Reversal Design

A research design involving repeated measures and alternations between a baseline period (A) and an intervention period (B), used to assess the effect of the intervention.

Chance Fluctuations

Variations in data or observations that are caused by random occurrences rather than specific causes or interventions.

Ethical Viewpoint

A perspective or stance on what is morally right or wrong, guiding the conduct and decisions in a particular domain such as business, medicine, or research.