Computer Equipment Was Acquired at the Beginning of the Year

question 147

Multiple Choice

Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.

• A) $13,200
• B) $19,200
• C) $ 9,600
• D) $ 9,000

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Definitions:

Muscular Tunic

A layer commonly found in various hollow organs, like the gastrointestinal tract and bladder, composed of smooth or striated muscle that helps in movement or the maintenance of tone.

Lamina Propria

A thin layer of loose connective tissue found beneath the epithelium of many organs, providing support and nourishment.

Serosa

The outermost layer of various organs in the body, particularly in the abdominal cavity, composed of connective tissue and serving to encase and protect the organs.

Superior to Inferior

Describes a direction in anatomy going from the upper part of the body towards the lower part.