Big Rig Delivery Service Has the Following Plant Assets: Communications

question 59

Multiple Choice

Big Rig Delivery Service has the following plant assets: Communications Equipment: Cost, $3,840 with useful life of 8 years; Delivery Equipment: Cost, $17,568 with useful life of 12 years; and Computer: Cost, $13,440 with useful life of 4 years. Assume the residual value of all the assets is zero and the straight-line method is used. Big Rig's monthly depreciation journal entry will include a ________.

• A) debit to Depreciation Expense - Equipment of $5,304
• B) credit to Depreciation Expense - Equipment of $5,304
• C) debit to Accumulated Depreciation - Equipment of $442
• D) credit to Accumulated Depreciation - Equipment of $442

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Definitions:

Genomic Library

A collection of DNA fragments that represent the entire genome of an organism, stored in vectors and maintained in host cells for study.

Spliced

The process of removing introns and joining exons together in a pre-mRNA molecule to form a mature mRNA strand.

Plasmids

Small, circular, double-stranded DNA molecules, distinct from a cell's chromosomal DNA, that can replicate independently and are found primarily in bacteria.

Cloning Vectors

DNA molecules used to transfer foreign genetic material into a host cell, where it can be replicated and possibly expressed.