A Company Purchased a Computer on July 1,2017 for $50,000

question 165

Multiple Choice

A company purchased a computer on July 1,2017 for $50,000.Estimated useful life of the computer was five years,and it has no residual value.Which of the following methods should be used to best match its expense against the revenue it produces?

• A)the units-of-production method
• B)the straight-line method
• C)the double-declining-balance method
• D)the first-in,first-out method

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Definitions:

Social Context

The environmental and cultural settings that influence an individual's perceptions, behaviors, and interactions with others.

Objectively Linked

A term describing elements or phenomena that are connected in a measurable or observable way, independent of personal feelings or opinions.

Network Analysts

Professionals who study the structures and dynamics of networks (social, technological, or biological) to understand how nodes within the network interact.

Normative Approaches

Methods or theories that focus on how things should be or what is considered normal or acceptable within a society.