Jenkins, Inc Determine the Correct Amount of Depreciation to Expense for 2018

question 12

Multiple Choice

Jenkins, Inc. builds custom machines for manufacturers using robotic equipment. In 2018, the company decided to change from straight-line to double-declining balance depreciation for its robotic equipment. It changed the life expectancy as follows: $$\begin{array} { | l | r | } \hline \text { Original cost of robotic equipment } & \$ 2,800,000 \\\hline \text { Accumulated depreciation thru } 2017 & 860,000 \\\hline \text { Original life in years } & 8 \\\hline \text { Remaining life in years } &4 \\\hline\end{array}$$ Determine the correct amount of depreciation to expense for 2018.

• A) $350,000
• B) $485,000
• C) $430,000
• D) $970,000

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Definitions:

Antecedent

An event or occurrence that precedes and influences the behavior, often used in behavior analysis and psychology.

Behaviour Modification

A therapy approach that aims to change undesirable behaviors through the use of positive or negative reinforcement.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Biological Preparedness

A concept in psychology that suggests organisms are innately predisposed to form associations between certain stimuli and responses.