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:

Intellectual Processes

Intellectual processes involve the mental activities related to thinking, understanding, learning, and remembering, encompassing a wide range of cognitive functions.

Beliefs

Convictions or acceptances that something exists or is true, especially without empirical evidence.

Behaviorism

A psychological approach that studies observable and quantifiable aspects of behavior and the effects of the environment on those behaviors, excluding theories of mind.

Immediate Response

A swift reaction to a stimulus or situation without delay.