Mac's Computer Skills Training,purchased Equipment for $30,000 on January 1,20X8,and

question 90

Multiple Choice

Mac's Computer Skills Training,purchased equipment for $30,000 on January 1,20X8,and believes the equipment has a useful life of 36 months.What will be the effect of the equipment's depreciation on the balance sheet equation?

• A)Decreases Equipment account and decreases Stockholders' Equity
• B)Decreases Equipment account and increases Stockholders' Equity
• C)Increases Equipment account and decreases Stockholders' Equity
• D)Increases Equipment account and increases Stockholders' Equity
• E)There is no effect on the balance sheet equation.

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Definitions:

Broad Bands

HR strategy that uses wider salary ranges or bands to give managers more flexibility in compensating employees based on performance, rather than strict adherence to job titles or scales.

Single Layer

In technology and manufacturing, it refers to a composition or structure involving only one level or stratum.

Awarding Pay Increases

The process of granting employees a raise in their salary or wage, typically in recognition of their performance, inflation adjustment, or promotion.

Job-Based Pay Structures

Compensation frameworks that determine an employee's salary based on the specific job role rather than individual performance or characteristics.