If a Fixed Asset, Such as a Computer, Were Purchased $\quad$

question 118

Multiple Choice

If a fixed asset, such as a computer, were purchased on January 1st for $3,750 with an estimated life of 3 years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is:
(Note: EOM indicates the last day of each month.)

• A) EOM Depreciation Expense\(\quad\)100
• Accumulated Depreciation\(\quad\)100
• B)EOM Depreciation Expense \(\quad 1,200\)
• Accumulated Depreciation\(\quad\)1,200
• C) EOM Accumulated Depreciation\(\quad\)1,200
• Depreciation Expense\(\quad\)1,200
• D)EOM Accumulated Depreciation\(\quad\)100
• Depreciation Expense\(\quad\)100

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Definitions:

Selectively Permeable

Describes membranes that allow certain substances to pass through while blocking others, crucial for cell function and homeostasis.

Plasma Membrane

The plasma membrane is a biological membrane that separates the interior of all cells from the outside environment, controlling the passage of substances.

Symport

A type of transporter protein that moves two or more substances in the same direction across a cell membrane.

Antiport

A mechanism of membrane transport where two substances are moved in opposite directions across a cell membrane, usually by a protein transporter.