Laura Diamonds Purchased a Computer for $3,600 on December 1

question 18

Multiple Choice

Laura Diamonds purchased a computer for $3,600 on December 1. It is estimated that the useful life of the computer will be 3 years. If financial statements are to be prepared on December 31, the company should make the following adjusting entry

• A) debit Depreciation Expense, $100; credit Computer, $100.
• B) debit Depreciation Expense, $100; credit Accumulated Depreciation, $100.
• C) debit Depreciation Expense, $1,200; credit Accumulated Depreciation, $1,200.
• D) debit Cash, $100; credit Accumulated Depreciation, $100.

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Definitions:

GAD

Generalized Anxiety Disorder, characterized by persistent and excessive worry about a number of different things.

Physiological Arousal

The body's response to external stimuli, resulting in physical and psychological reactions, such as increased heart rate and heightened alertness.

Worrying

The mental process of thinking about problems or unpleasant things that might happen in a way that makes you feel unhappy and frightened.

Bullied

The experience of being intimidated, harassed, or mistreated, typically by someone who is perceived to be more powerful.