On January 1, 2008, Reyes Company Purchased a Computer System

question 107

Essay

On January 1, 2008, Reyes Company purchased a computer system for $20,500. The system had an estimated useful life of 5 years and no salvage value. At January 1, 2010, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2010 and 2011?

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Definitions:

Reinforcement

In behavioral psychology, a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Unconditional Response

A natural, unlearned reaction to an unconditioned stimulus, a term primarily used in the context of classical conditioning in behavioral psychology.

Primary Circular Reaction

The term Piaget used to describe the infant’s tendency to repeat pleasurable bodily actions for their own sake.

Sucks His Fingers

A natural reflex for infants, often for comfort or self-soothing.