Your Company Buys a Computer System from IBM for $3

question 109

Multiple Choice

Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system.Your company should record:

• A)$3 million in equipment and $200,000 in expenses.
• B)$3.2 million in expenses.
• C)$2.8 million in equipment and the rest in expenses.
• D)$3.2 million in equipment.

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Definitions:

Rebirths

Conceptual or spiritual renewals or transformations, often referring to ideas of reincarnation in religions or metaphorical new beginnings.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

Chaitya Halls

Rock-cut temple halls found in Indian Buddhism, containing a stupa and often characterized by an apsidal end.

Ajanta

An ancient complex of Buddhist cave temples in Maharashtra, India, renowned for its murals and sculptures dating from the 2nd century BCE to about 480 or 650 CE.