A Company Purchased a Computer System on March 1

question 128

Multiple Choice

A company purchased a computer system on March 1. Its cost was $55,000 and it had an estimated salvage value of $10,000. It was expected to have a useful life of 5 years. To the nearest dollar, the depreciation for year 2 using straight-line depreciation will be: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$11,000.
• B)$9,000.
• C)$7,500.
• D)$6,750.

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Definitions:

Genetic Heritage

The biological attributes and characteristics passed down from previous generations to an individual.

Idiographic Approach

is a method in psychology focusing on the detailed study of the individual and the unique psychological mechanisms within one person.

Individual Case

A specific instance or example representing a particular condition, situation, or issue involving a single person or entity.

Perseverative Functional Autonomy

A psychological concept where a behavior continues to occur with persistence even after the original goals or motivations for the behavior have been achieved or are no longer relevant.