On June 30,2016,Colora Printers Purchased a Printer for $59,000

question 57

Multiple Choice

On June 30,2016,Colora Printers purchased a printer for $59,000.It expects the printer to last for four years and have a residual value of $8,000.Compute the depreciation expense on the printer for the year ended December 31,2016,using the straight-line method.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$12,750
• B)$6,375
• C)$14,750
• D)$7,438

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Definitions:

Offshoring

The practice of relocating business processes or services to another country, typically to leverage lower costs.

Reengineering

The radical redesign of business processes to achieve dramatic improvements in critical aspects like cost, quality, service, and speed.

Offshoring

The practice of relocating business processes or production lines to another country, often to reduce costs or access specific skill sets.

Downsizing Strategy

A business strategy involving the reduction of a company's workforce to improve its financial performance or adapt to changed market conditions.