Jason Moore Purchased Computer Equipment for $2,800 on January 1,2012

question 144

Multiple Choice

Jason Moore purchased computer equipment for $2,800 on January 1,2012.It has a residual value of $400 with a useful life of 4 years.After the appropriate adjusting entries have been made,the balance in Accumulated Depreciation account for this asset on January 1,2014,under the straight-line method,should be:

• A)$1,200.
• B)$600.
• C)$700.
• D)$1,400.

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Definitions:

London Force

Weak, temporary van der Waals forces arising from the instantaneous polarization of molecules due to the movement of electrons.

Boiling Point

The temperature at which a liquid changes to a gas at a given pressure, characteristic for each specific substance.

Hydrophobic

Characteristic of molecules that repel water or do not mix well with water, often due to nonpolar properties.

Alkanes

Hydrocarbons consisting solely of hydrogen and carbon atoms arranged in straight or branched chains without any double or triple bonds.