On April 1, 2015, Ninja Ltd

question 73

Multiple Choice

On April 1, 2015, Ninja Ltd. purchased equipment for $120,000. The equipment was estimated to have a residual value of $15,000 and is being depreciated over ten years using the straight-line method. What should be the depreciation expense for this equipment for the year ended December 31, 2020?

• A) $7,875
• B) $8,000
• C) $10,500
• D) $12,000

---

Definitions:

Monozygotic

Pertaining to identical twins who developed from a single fertilized egg and share all of their genes.

Dizygotic

Refers to twins that are formed from the fertilization of two separate eggs by two separate sperm, resulting in fraternal twins that are genetically distinct, akin to regular siblings sharing approximately 50% of their genes.

Epigenetic

The study of changes in gene expression caused by mechanisms other than changes in the underlying DNA sequence.

Individual Differences

Variations among individuals in their psychological traits, behaviors, and physiological responses.