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

question 35

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 income statement for the year ended December 31, 2014 is:

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

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Definitions:

Environmental Damage

Harm caused to the natural world, including air, water, and land pollution, as well as destruction of ecosystems and loss of biodiversity.

Modernize

refers to the process of adopting newer methods, ideas, or technologies in various spheres such as infrastructure, economy, and social practices to improve efficiency and quality of life.

Technopoly

A society that highly values and depends on technology, often prioritizing technological advancement over other social values.

Normal Accidents

A concept in the sociology of large technological systems that predicts that accidents are inevitable in complex systems due to their intricacies and the interdependence of their components.