On January 1, 2017, a Machine Has a Remaining Book

question 194

Multiple Choice

On January 1, 2017, a machine has a remaining book value of $5100. The residual value of the machine is $1200. The company uses the double-declining-balance method of depreciation. If 2017 is the last year for depreciation, what is Depreciation Expense for the year ending December 31, 2017?

• A)$0
• B)$1200
• C)$3900
• D)$5100

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Definitions:

Gatekeeper

In information theory, gatekeepers are individuals or policies that control the flow of information and access to resources within an organization.

Logistics

Those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost.

Buying Center

A group of individuals within an organization who are responsible for making purchasing decisions, including users, influencers, deciders, approvers, and gatekeepers.

Decider

An individual or group responsible for making the final decision in a purchasing process, often holding the authority to approve significant business transactions.