Robert Rogers, CPA, Owns a Computer That Is Used in His

question 56

Multiple Choice

Robert Rogers, CPA, owns a computer that is used in his consultancy services. As per the matching principle, the related account that should appear on the balance sheet as of December 31, 2014 is:

• A)Depreciation Expense.
• B)Service Revenue.
• C)Accumulated Depreciation.
• D)Equipment Expense.

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Definitions:

Apollo Program

NASA's project aimed at landing humans on the Moon and bringing them safely back to Earth.

Federal Budget

The estimated revenue and expenditure for a forthcoming fiscal year by the federal government.

Natural Environment

The physical, chemical, and biological factors and processes that occur naturally, including land, water, atmosphere, plants, and animals.

Aerospace Industry

A sector that deals with the development and manufacturing of flight vehicles, including aircraft, spacecraft, satellites, and their components.