A Computer Was Bought for $2 000

question 5

Multiple Choice

A computer was bought for $2 000. After three years of service it can be sold for $500. If straight line depreciation is assumed, what was the computer's book value at the end of year 2?

• A)$2 000
• B)$1 500
• C)$1 000
• D)$500
• E)$0

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Definitions:

Incomes

The money received, typically on a regular basis, for work or through investments.

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A principle asserting that all individuals should have an equal vote in elections, emphasizing the equality of each vote's value.

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A historical system where individuals were owned by others, deprived of personal freedom, and forced to perform labor or services.