Computer Equipment Was Acquired at the Beginning of the Year

question 69

Multiple Choice

Computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000 and an estimated useful life of 5 years.Determine the second year's depreciation using straight-line depreciation.

• A)$10,200
• B)$22,400
• C)$11,200
• D)$12,200

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Definitions:

Indirect Pressure

Influence or coercion applied in a non-direct manner, often through hints, suggestions, or the manipulation of information.

Self-Promotion

The act of highlighting one's own skills, accomplishments, or qualities to advance personal or professional goals, often used in job searches or career advancement.

High Cohesiveness

The degree to which members of a group or organization are attracted to each other and motivated to stay in the group.

Sucker Effect

A reduction in effort by members of a group based on the perception that others are not making their fair share of effort.