Use the Information Below to Answer the Following Questions

question 11

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2010, a new motor vehicle with a useful life of 4 years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December.
-What was the depreciation expense for year ended 31 December 2011?

• A) $5250
• B) $10 500
• C) $13 500
• D) $21 000.

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Definitions:

Electron Transport Pathways

Series of chemical reactions in cells that generate energy in the form of ATP by transferring electrons through various molecules.

Photosynthesis

The process by which green plants, algae, and some bacteria convert light energy into chemical energy, producing oxygen and glucose from carbon dioxide and water.

Chloroplast

An organelle found in plant cells and eukaryotic algae that conducts photosynthesis by capturing light energy to produce carbohydrates from carbon dioxide and water.

Internal Structure

The arrangement or organization of parts within an organism or object that contributes to its form and function.