Computer Equipment Was Acquired at the Beginning of the Year

question 36

Multiple Choice

Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.

• A) $26,000
• B) $24,800
• C) $12,400
• D) $13,000

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Definitions:

Biases Minimized

Efforts made to reduce or eliminate personal prejudices or preferences that could affect judgment or decision-making.

Listening Skill

The capability to precisely understand and decipher messages throughout the process of communication.

Listening Process

A multi-step procedure involving receiving, understanding, evaluating, remembering, and responding to spoken messages.

Reacts

A term often used in social media and online forums to describe user responses to content, such as likes, dislikes, or other emoji-based reactions.