Use the Information Below to Answer the Following Questions

question 41

Multiple Choice

Use the information below to answer the following questions:
Jacques Ltd purchased a computer for $4500 on 1 July 2009. It had an estimated useful life of 3 years. It was depreciated using the straight-line method. The financial year ends on 30 June.
-What was the net book value at 30 June 2011?

• A) nil
• B) $1500
• C) $3000
• D) $4500.

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Informal term for the Patient Protection and Affordable Care Act, a federal statute aimed at decreasing uninsured rates and reducing healthcare costs.

Insurance Exchanges

Marketplaces established to facilitate the purchase of health insurance in accordance with the rules of the Affordable Care Act.

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Encourages or promotes a competitive environment within a market, leading to benefits such as innovation and lower prices.

Insurance Companies

Financial institutions that provide coverage against specified losses in exchange for premium payments.