A Factory Machine Was Purchased for $140,000 on January 1

question 204

Multiple Choice

A factory machine was purchased for $140,000 on January 1, 2017. It was estimated that it would have a $28,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. If the actual number of machine hours ran in 2017 was 4,000 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2017 would be

• A)$14,000.
• B)$22,400.
• C)$28,000.
• D)$11,200.

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Definitions:

Social Media

A variety of technological applications such as Facebook, Twitter, and Instagram that serve as channels to help people connect to one another.

Sensory References

The elements and details recalled from sensory input like sight, smell, sound, taste, and touch.

Self-Oriented Pronouns

Pronouns that focus on the speaker, such as "I," "me," "my," and "mine," often used to express personal experiences or viewpoints.

Nonverbal Interpretation

The process of making sense out of nonverbal signals that others send to us, which includes understanding gestures, facial expressions, and body language.