Use the Following Information for Questions

question 4

Multiple Choice

Use the following information for questions:
Maddie Co.purchased a machine on January 1, 2011 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance amortization.
-What will be the amortization expense for 2011?

• A)$4,500
• B)$3,500
• C)$2,250
• D)$2,000

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Definitions:

Desktop Database

A database that is designed to run on a single computer or desktop, providing data storage and management for individual users or small groups.

Date/Time Field

A type of database field or spreadsheet cell designed to store dates and times, allowing for temporal data management and manipulation.

Format Property

A characteristic of data that determines how it is displayed or processed, such as font size or color in a text document.

Import Data

The process of bringing data from external sources into a software application or database for analysis, storage, or further processing.