A Company Purchased a Computer on 1 July 2016

question 49

Multiple Choice

A company purchased a computer on 1 July 2016.The computer has an estimated useful life of 5 years and will have no residual value.It was purchased for $10 000.It is estimated that the computer can be used for 5 000 hours.The computer was used for 450 hours during 2016.If the goal is to record higher depreciation expense in the earlier years,which method should be used?

• A)Units of production
• B)Straight line
• C)First-in,first-out
• D)Reducing balance

Acknowledge the significance of coordination, common purpose, division of labor, and hierarchy of authority in the existence of organizations.

Understand the different processes involved in chemical weathering.

Identify the formations and characteristics of sedimentary deposits in coastal and other environments.

Distinguish between the environments that produce different sizes of clastic sediments.

---

Definitions:

Presidential Profits

Earnings or financial gains made by a person holding the office of the president, potentially from various sources, including investments, salaries, or other income.

Public Announcement

An official notification or disclosure made to the general public, often regarding significant changes, decisions, or events related to a company or organization.

Tipper

An insider who gives inside information to someone.

Asset Sale

A type of business transaction where a company sells its assets, such as equipment, inventory, or real estate, rather than its stock.