If a Fixed Asset, Such as a Computer, Were Purchased $\quad 100$

question 161

Short Answer

If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is a. Depreciation Expense $\quad 100$
$\quad$ Accumulated Depreciation $\quad 100$
b. Depreciation Expense $\quad 1,200$
$\quad$ Accumulated Depreciation $\quad 1,200$
c. Accumulated Depreciation $\quad 1,200$
$\quad$ Depreciation Expense $\quad 1,200$
d. Accumulated Depreciation 100
$\quad$ Depreciation Expense $\quad$$\quad$ 100

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Definitions:

Female-Male Earnings Ratio

A statistical measure comparing the average earnings of women to those of men within a specific context or employment sector.

Women's Earnings

The average income of women in the workforce, often discussed in the context of the gender wage gap compared to men's earnings.

Gender Discrimination

Unfair treatment or consideration of individuals based on their gender.

Ceremonial Dress

Attire specifically designed and worn for formal or significant occasions and ceremonies, reflecting cultural, religious, or organizational traditions.