Examlex

Solved

A Machine with a Cost of $80,000 Has an Estimated

question 80

Multiple Choice

A machine with a cost of $80,000 has an estimated salvage value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used for 5,000 hours?


Definitions:

Quick Formatting

A feature that allows users to apply a predefined set of styling options to text or objects quickly, enhancing document presentation without manual adjustments.

PivotChart

A graphical representation of data in a pivot table in spreadsheet software, allowing for dynamic analysis and visualization of data.

PivotTable Fields

Components in a PivotTable that allow users to organize, filter, and summarize large data sets in a spreadsheet application.

PivotChart Style

PivotChart Style refers to the aesthetic design options available for customizing the appearance of a PivotChart in spreadsheet software, including color, layout, and effects.

Related Questions