A Machine Was Purchased for $54,000 and It Was Estimated

question 193

Multiple Choice

A machine was purchased for $54,000 and it was estimated to have a $9,000 salvage value at the end of its useful life.Monthly depreciation expense of $600 was recorded using the straight-line method.The annual depreciation rate is

• A)20%.
• B)1.6%.
• C)12.8%.
• D)16.0%.

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Definitions:

Herzberg

Refers to Frederick Herzberg, a psychologist known for his Two-Factor Theory of motivation and job satisfaction.

Recognition

The process or action of identifying something or someone as having been previously seen, known, or experienced.

Security

Measures and protocols implemented to protect individuals, data, and assets from theft, attacks, or other threats.

Lower-Level Needs

Refers to the foundational physiological and safety needs in Maslow's hierarchy that must be satisfied before an individual can focus on higher-level psychological needs.