A Company Purchased a Computer System on January 2,2018 for $1,600,000.The

question 268

Multiple Choice

A company purchased a computer system on January 2,2018 for $1,600,000.The company used the straight-line depreciation method with an estimated useful life of 6 years and a residual value of $130,000.The company prepares financial statements at December 31. Which of the following is correct about the depreciation recorded?

• A)Accumulated Depreciation will be debited for $266,667.
• B)The book value of the computer system at December 31,2018 will be $1,225,000.
• C)Depreciation expense will be debited for $245,000.
• D)The depreciable cost of the computer system is $1,600,000.

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Definitions:

Measurable Criterion

A quantifiable or assessable standard used to evaluate the success or effectiveness of a program or project.

Training Objective

The specific goal or outcome that a training program aims to achieve, which guides the development, delivery, and evaluation of the training.

RFP

Request For Proposal, a document that solicits bid proposals from potential suppliers or contractors for a specific project or service.

Training Needs

The gap between current capabilities and the skills required for a specific job or task, which can be identified through an analysis to inform targeted training programs.