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

Comprehend the role and function of a PLC within industrial control systems.

Recognize the different components of a PLC and their functions.

Grasp the principles of logic control and how PLCs execute logic operations.

Analyze and interpret PLC wiring diagrams and schematics.