Wickland Company Installs a Manufacturing Machine in Its Production Facility

question 97

Multiple Choice

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.The machine's useful life is estimated to be 5 years,or 400,000 units of product,with a $7,000 salvage value.During its second year,the machine produces 84,500 units of product.Determine the machines' second year depreciation under the double-declining-balance method.

• A)$16,900.
• B)$16,000.
• C)$17,400.
• D)$18,379.
• E)$20,880.

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Definitions:

Cotton Prices

The market rate or value of cotton, which has historically had significant economic impact, particularly in the agricultural sectors of countries.

King Cotton Diplomacy

The Confederate strategy during the American Civil War to withhold cotton exports to coerce Britain and France into recognizing the Confederacy.

First Geneva Convention

A treaty signed in 1864 aiming to ensure the care of the wounded in wartime on land, establishing humanitarian rules of war.

Clara Barton

Known as the founder of the American Red Cross, she was a pioneering nurse who provided care in the Civil War and was instrumental in improving the medical care system.