Kittery Services Purchased Computers That Are to Be Used in Its

question 51

Multiple Choice

Kittery Services purchased computers that are to be used in its consultancy services.Based on the matching principle,the related account that should appear on the income statement for the year ended December 31,2016 is ________.

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

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Definitions:

Carbonic Acid

A weak acid formed when carbon dioxide is dissolved in water, playing a significant role in the carbon cycle and blood pH regulation.

Carbon

A chemical element with symbol C, atomic number 6, and is the basis of all known life on Earth, found in organic compounds.

Oxygen

A chemical element essential for most life on Earth, involved in cellular respiration and acting as a critical component of the air.

Atomic Mass

The total number of protons and neutrons in an atom; expressed in atomic mass units or daltons.