Darting Company Purchased a Computer System for $7,200 on January

question 171

Multiple Choice

Darting Company purchased a computer system for $7,200 on January 1, 2014. The company expects to use the computer system for 3 years. It has no salvage value. Monthly depreciation expense on the asset is:

• A) $0.
• B) $200.
• C) $2,400.
• D) $7,200.

---

Definitions:

Technological Advances

Progress or improvements in technology, leading to the development of new products, services, or methodologies.

Affluence

A state of having a great deal of wealth or abundant resources, often associated with high living standards and economic prosperity.

Financial Well-Being

The state of being financially healthy and stable, including the ability to meet current and future financial needs.

Paradox of Progress

The phenomenon where technological and societal advancements, intended to improve life, lead to increased stress, complexity, and a perceived decrease in life quality.