On April 12,2016,Suzanne Bought a Computer for $20,000 for Business

question 71

Multiple Choice

On April 12,2016,Suzanne bought a computer for $20,000 for business use.This was the only purchase for that year.Suzanne used the most accelerated depreciation method available but did not elect Sec.179.Bonus depreciation was not available.Suzanne sells the machine in 2017.The depreciation on the computer for 2017 is

• A)$2,000.
• B)$3,200.
• C)$4,000.
• D)$6,400.

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Definitions:

Process Costing

An accounting methodology used for allocating production costs to individual units of output in continuous production processes.

Paint Manufacturer

A company specialized in producing paint and related products through various processes including mixing, refining, and packaging.

Job Order Cost System

An accounting system that accumulates costs for each uniquely identified job or batch, useful for customized orders.

Process Cost System

A method in accounting for assigning costs to like products, which are produced en masse and in a continual manner.