A Company Purchased a Computer on July 1, 2015 for $50,000

question 11

Multiple Choice

A company purchased a computer on July 1, 2015 for $50,000. Estimated useful life of the computer was 5 years and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?

• A)the units-of-production method
• B)the straight-line method
• C)the double-declining-balance method
• D)the first-in, first-out method

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Definitions:

Intersex

A term used to describe individuals born with physical sex characteristics that do not fit typical binary notions of male or female bodies.

Unusual Combinations

The act or result of merging or combining elements that are not typically associated with each other, often leading to creative or novel outcomes.

Transgender

Refers to people whose self-identified gender does not align with their birth-assigned sex.

Gender Role

Social and cultural expectations associated with a person's gender, dictating how individuals should behave, dress, and present themselves.