On January 1,Year 1,Naples Purchased a Computer System That Cost

question 27

Essay

On January 1,Year 1,Naples purchased a computer system that cost $1,480,000.The estimated useful life of the computer is 3 years and salvage value is $40,000.Straight-line depreciation is to be used.On January 1,Year 2,Naples determined that the estimated useful life of the computer would be 4 years instead of 3 years.The estimated salvage value will only be $10,000.
Prepare the journal entry to record depreciation expense for Year 1.
Prepare the journal entry to record depreciation expense for Year 2.

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Definitions:

Subliminal Perception

The processing of information by sensory systems without conscious awareness of the stimuli.

Sensory Threshold

The minimum level of intensity from a stimulus that is detected by a sense organ, marking the boundary between non-detectable and detectable sensations.

Stimuli

External factors or signals that provoke a response from a sensory system or organism.

Backward Messages

Reversed audio or visual stimuli that are claimed to be perceptible and meaningful when experienced in a normal forward mode, often discussed in the context of subliminal messages.