Avery Sales Purchased Telecom Equipment for $5,000 on November 1,2013

question 144

Multiple Choice

Avery Sales purchased telecom equipment for $5,000 on November 1,2013.It has estimated residual value of $200,and an estimated life of 8 years.If Avery uses straight-line depreciation,how much expense will be recorded in 2013?

• A) $312
• B) $120
• C) $100
• D) $225

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Definitions:

Cost

The expenditure or amount of resources (financial, time, labor) required to achieve something.

Time-Series Designs

Research designs that involve repeated measurements of dependent variables over time, both before and after a treatment or intervention, to assess change.

Selection Effects

Biases introduced into research when the participants or subjects are not randomly assigned, potentially leading to unrepresentative samples and skewed results.

Observations

The process of closely monitoring, recording, or noticing specific behaviors, actions, or phenomena, typically as a data collection method in research.