On December 1, 20X1, Wilson Contributed $25,000 to the Women's

question 18

Multiple Choice

On December 1, 20X1, Wilson contributed $25,000 to The Women's Shelter, stipulating that his contribution be used to buy a commercial refrigerator and freezer system. The system was purchased on January 2, 20X3. The shelter will depreciate the refrigerator over five years using the straight-line method, with no residual value. The shelter has a December 31 year-end and uses the deferral method. At December 31, 20X3, the shelter made a journal entry to record depreciation. What other journal entry, if any, should the shelter make?

• A) \[\begin{array} { | l | l | l | }
• \hline \text { DR Capital asset } & 5,000 & \\
• \hline \text { CR Deferred contribution revenue (restricted) } & & 5,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | l | }
• \hline \text { DR Deferred contribution revenue (restricted) } & 5,000 & \\
• \hline \text { CR Accumulated depreciation } & & 5,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | l | }
• \hline \text { DR Deferred contribution revenue (restricted) } & 5,000 & \\
• \hline \text { CR Contribution revenue } & & 5,000 \\
• \hline
• \end{array}\]
• D)No other entry is required.

---

Definitions:

Trichromatic Theory

A theory of color vision proposing that the eye perceives color through the relative rates of response by three types of cone cells, each sensitive to different wavelengths of light.

Opponent-Process Theory

Theory of color vision that proposes visual neurons (or groups of neurons) are stimulated by light of one color and inhibited by light of another color.

Visual Processing

The analysis and interpretation of visual information by the brain to understand and interact with the environment.

Outer Ear

The external portion of the ear, consisting of the pinna and ear canal, that collects sound waves and directs them into the ear.