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:

Wilms' Tumor

A rare kidney cancer that primarily affects children, also known as nephroblastoma.

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An indirect measure of central venous pressure, assessed by observing the external jugular vein's distention.

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A condition characterized by a decrease in the volume of blood circulating in the body, often due to significant fluid loss.

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A chronic condition in which the heart is unable to pump blood effectively to meet the body's needs.