A Company Purchased a Computer System on March 1

question 163

Multiple Choice

A company purchased a computer system on March 1.Its cost was $35,000 and it had an estimated salvage value of $5,000.It was expected to have a useful life of four years.To the nearest dollar,the depreciation for year 2 using straight-line depreciation will be:

• A)$8,750.
• B)$7,500.
• C)$6,250.
• D)$5,625.

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Definitions:

Business Context

The combination of internal and external factors that influence the operations, decisions, and strategies of a company.

Social Media Profile

An individual's personal page or account on social media platforms where they can post content, interact with others, and present themselves online.

Personal Brand

The unique combination of skills, experiences, and personality that an individual showcases to differentiate themselves in the market.

Psychologically Hardwired

Refers to the innate or inherent traits, responses, or predispositions in humans, often determined by genetics or early life experiences.