Lavonne Company Purchased a Machine on July 1, 2010, for $80

question 12

Multiple Choice

Lavonne Company purchased a machine on July 1, 2010, for $80, 000.The machine has an estimated useful life of 5 years with a salvage value of $10, 000.It is being depreciated using the straight-line method.On January 1, 2012, Lavonne reevaluated the machine's useful life and now believes it will continue for another 6 years (for a total of 7 1/2 years) and have no salvage value at the end of its useful life.Depreciation expense for the year ended December 31, 2012, related to this machine would be

• A)$14, 000
• B)$10, 667
• C)$ 9, 833
• D)$ 8, 167

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Definitions:

Clumping

The process by which cells or particles adhere to each other to form clusters, often seen in blood antigens in response to specific antibodies.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body's tissues and transfer carbon dioxide from the tissues back to the lungs.

Leukocytes

White blood cells that are part of the immune system, protecting the body against both infectious disease and foreign invaders.

Thrombocytes

Thrombocytes, also known as platelets, are blood cells involved in hemostasis, leading to the formation of blood clots in response to bleeding.