The Cardell Company Purchased a Machine on January 2, 2010

question 47

Multiple Choice

The Cardell Company purchased a machine on January 2, 2010, at a cost of $1, 200, 000.The machine had an estimated useful life of eight years and a residual value of $120, 000.Cardell computes depreciation by the sum-of-the-years'-digits method.What amount, net of accumulated depreciation, will appear on the company's December 31, 2012, balance sheet for this machine?

• A)$ 570, 000
• B)$ 630, 000
• C)$ 805, 094
• D)$1, 080, 000

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Definitions:

Force Exerted

The interaction that causes a change in the motion of an object, quantified by Newton's laws.

Arterial Blood Pressure

The pressure exerted by circulating blood upon the walls of blood vessels, specifically within arteries, crucial for maintaining blood flow through the body.

Smooth Muscle

Type of muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels, functioning involuntarily.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.