Use the Following Information for Questions

question 7

Multiple Choice

Use the following information for questions.
Lee Company received an HK$1,800,000 subsidy from the government to purchase manufacturing equipment on January, 2, 2011.The equipment has a cost of HK$3,000,000, a useful life a six years, and no salvage value.Lee depreciates the equipment on a straight-line basis.
-If Lee chooses to account for the grant as an adjustment to the asset, the amount of depreciation expense recorded in 2011 will be:

• A)HK$0.
• B)HK$200,000.
• C)HK$300,000.
• D)$HK500,000.

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Definitions:

Homosexuals

Are people who prefer sexual partners of the same sex. People usually call homosexual men gay and homosexual women lesbians.

Sexual Orientation

An inherent or immutable enduring emotional, romantic or sexual attraction to other people.

Radical Feminism

A perspective within feminism that calls for a radical reordering of society to eliminate male supremacy in all social and economic contexts.

Patriarchy

describes a social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and property control.