The Jasmine Corporation Purchased a Notebook Computer for $3,600 on December

question 19

Multiple Choice

The Jasmine Corporation purchased a notebook computer for $3,600 on December 1. The useful life of the notebook computer is estimated to 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, $1,200; credit Accumulated Depreciation-Equipment, $1,200.
• B) debit Depreciation Expense, $100; credit Accumulated Depreciation-Equipment, $100.
• C) debit Accumulated Depreciation-Equipment, $1,200; credit Depreciation Expense, $1,200.
• D) debit Equipment, $100; credit Accumulated Depreciation-Equipment, $100.

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Definitions:

Expectant Mother

A woman who is pregnant and awaiting the birth of her child.

Developing Fetus

A prenatal human between the embryonic state and birth, undergoing significant physical and physiological development.

External World

Describes everything outside an individual's mind, including people, objects, and the environment, as perceived through the senses.

Fetus

A stage in human development inside the womb from the end of the embryonic stage or the ninth week after fertilization until birth.