Computer Equipment Was Acquired at the Beginning of the Year

question 164

Multiple Choice

Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800 and an estimated useful life of 8 years. What is the annual straight-line depreciation for the equipment?

• A) $7,650
• B) $8,125
• C) $13,000
• D) $12,250

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Definitions:

Meiosis

The process that produces sperm and ova, each of which contains only half of the parent cell’s original complement of 46 chromosomes.

Identical Twins

Twins who have developed from a single fertilized egg, sharing the same genetic makeup.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetics.

Dizygotic Twins

Also known as fraternal twins, are siblings that result from the fertilization of two different eggs by two different sperm cells, leading to the birth of genetically unique siblings.