Dynamic Services Company Purchased Computers That Are to Be Used

question 5

Multiple Choice

Dynamic Services Company purchased computers that are to be used in its consulting services.Based on the matching principle,the related account that should appear on the income statement for the year ended December 31,2018 is ________.

• A) Depreciation Expense - Equipment
• B) Service Revenue
• C) Accumulated Depreciation - Equipment
• D) Equipment Expense

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Definitions:

Deep Processing

A method of learning in which material is examined and understood at a deep, meaningful level, leading to better retention.

Elaboration

The process of adding more information to existing memories, making those memories more detailed and interconnected.

Mental Imagery

The practice of creating representations of objects or events in the mind, often used in visualization techniques for personal development or therapy.

Encoding Process

The initial learning of information; transforming sensory input into a form or code that can be stored in the memory.