If a Fixed Asset, Such as a Computer, Were Purchased $\begin{array} { l l l } \text { Depreciation Expense } & 100 \\\text { Accumulated Depreciation } & & 100\end{array}$

question 117

Multiple Choice

If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of 3 years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is

• A)
• \(\begin{array} { l l l }
• \text { Depreciation Expense } & 100 \\
• \text { Accumulated Depreciation } & & 100
• \end{array}\)
• B)
• \(\begin{array} { l l l }
• \text { Depreciation Expense }& 1,200 \\
• \text { Accumulated Depreciation }& 1,200
• \end{array}\)
• C)
• Accumulated Depreciation \(\quad 1,200\)
• Depreciation Expense \(\quad 1,200\)
• D)
• \(\begin{array}{lll}
• \text { Accumulated Depreciation }& 100 \\
• \text { Depreciation Expense }& 100
• \end{array}\)

Recognize the synergistic effects of combining different promotional elements.

Comprehend the concept of control in publicity and its impact on marketing strategies.

Understand the concept of leadership as an interactional phenomenon among individuals.

Recognize the importance of environmental and situational factors in leadership effectiveness.

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Definitions:

Tarsal

Relating to the bones in the foot located between the ankle and metatarsal bones, contributing to the foot's structure and movement.

Phalanges

The bones in the fingers and toes of humans and other vertebrates.

Achondroplasia

A genetic disorder affecting bone growth, leading to dwarfism characterized by short limbs, a normal-sized torso, and an enlarged head.

Epiphyses

The rounded end parts of a long bone, which grow separately from the shaft during development and later fuse to it.