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

question 82

Multiple Choice

A machine was purchased on January 1 for $100,000. The machine has an estimated useful life of 5 years with a salvage value of $10,000. Under the double-declining-balance method, depreciation expense for each of the first two years is, respectively,

• A)$45,000 and $22,500.
• B)$40,000 and $24,000.
• C)$45,000 and $ 27,500.
• D)$22,500 and $ 22,500.

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Definitions:

Phone Use

The manner in which a telephone is utilized for communication, encompassing both voice calls and other functionalities.

Etiquette

A set of conventions and norms that govern the behavior of individuals within social or professional situations.

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, facial expressions, body language, and tone of voice.

Cultural Background

The cultural environment and experiences that shape an individual's beliefs, values, and behaviors.