A Machine Was Purchased on January 1 for $100,000

question 102

Multiple Choice

A machine was purchased on January 1 for $100,000. The machine has an estimated useful life of 4 years with a salvage value of $20,000. Under the straight-line method, accumulated depreciation at the end of year 2 is:

• A)$25,000
• B)$22,500
• C)$50,000
• D)$40,000

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Definitions:

Medical Assisting

A medical profession where assistants work alongside doctors and nurses, providing administrative and clinical support in healthcare settings.

Formal Training

Structured educational or training programs aimed at imparting specific skills or knowledge, often conducted in an institutional setting.

Healthcare Workers

Professionals involved in delivering care and services to the ill or injured, including doctors, nurses, therapists, and support staff.

Credentialed

Having received official certification or recognition, often pertaining to professional qualifications or competencies.