The Sayonara Corporation Purchased a Notebook Computer for $3,000 on December

question 1

Multiple Choice

The Sayonara Corporation purchased a notebook computer for $3,000 on December 1.The useful life of the notebook computer is estimated to be 5 years.If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

• A)debit Depreciation Expense, $600; credit Accumulated Depreciation, $600.
• B)debit Depreciation Expense, $50; credit Accumulated Depreciation, $50.
• C)debit Depreciation Expense, $2,400; credit Accumulated Depreciation, $2,400.
• D)debit Office Equipment, $50; credit Accumulated Depreciation, $50.

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Definitions:

Post-Fordist Organizations

Organizations characterized by flexibility and innovation in production and labor management, moving away from mass production models.

Continuous Improvement

An ongoing effort to enhance products, services, or processes to achieve better quality and efficiency.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Career Stability

The extent to which an individual's career possesses continuity and security over time, often associated with long-term employment in a single organization or industry.