Henry-K Company Purchased a Computer System for $3,600 on January

question 183

Multiple Choice

Henry-K Company purchased a computer system for $3,600 on January 1, 2014. The company expects to use the computer system for 3 years. It has no residual value. Monthly depreciation expense on the asset is

• A) $0.
• B) $100.
• C) $1,200.
• D) $3,600.

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Definitions:

ATMs

Automated Teller Machines, electronic banking outlets that allow people to complete transactions without needing to visit a bank branch.

Webcams

Video cameras that are connected to a computer or network, capable of streaming live video for teleconferencing, surveillance, or broadcasting.

Digital Divide

A term that refers to the gap between individuals, households, businesses, and geographic areas at different socioeconomic levels with regard to their opportunities to access information and communication technologies (ICTs).

Internet Access

The ability to connect to the web using computers or other devices to communicate, browse, and access online content.