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