On January 1, 2019, Condor Corp

question 42

Essay

On January 1, 2019, Condor Corp. acquired a machine for $ 200,000. It is to be depreciated straight line over five years, with no residual value. Because of a bookkeeping error, no depreciation was recognized in Condor's 2019 financial statements. The oversight was discovered during the preparation of Condor's 2020 financial statements. Depreciation expense on this machine for 2020 should be
a) $ 0.
b) $ 40,000.
c) $ 50,000.
d) $ 80,000.

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Definitions:

Action Potentials

Electrical impulses that travel along neurons, allowing them to communicate with each other and with other types of cells.

Terminal Buttons

The small knobs at the end of an axon that release chemical signals from the neuron into the synapse to stimulate the next neuron.

Stimulation

The activity of promoting or encouraging a physical or biological response through external or internal factors.

All-or-none

A principle stating that the strength of a response of a nerve cell or muscle fiber is not dependent on the strength of the stimulus. If a stimulus is above a certain threshold, a nerve or muscle fiber will fire.