Solar Products Purchased a Computer for $13,000 on July 1

question 106

Multiple Choice

Solar Products purchased a computer for $13,000 on July 1, 2010.The company intends to depreciate it over 4 years using the double-declining balance method.Residual value is $1,000.Depreciation for 2011 is

• A)$6,500
• B)$3,250
• C)$4,875
• D)$3,000

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Definitions:

Binocular

Pertaining to the use of both eyes, enabling depth perception and 3D vision.

Monocular

Relating to or involving only one eye.

Perceptions

The process of organizing and interpreting sensory information, enabling us to recognize meaningful objects and events.

Sensations

The initial information gathering and processing phase, involving the detection of stimuli by the sensory organs and their translation into neural signals.