A Machine with a Cost of $75,000 Has an Estimated

question 96

Multiple Choice

A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours.What is the amount of depreciation for the second full year,using the double-declining-balance method?

• A)$17,500
• B)$18,750
• C)$37,500
• D)$16,667

---

Definitions:

Confidence Estimate

A range or value that reflects the degree of certainty, or confidence, about a particular statistical parameter.

Margin of Error

A measure of the precision of a survey's results, representing the extent to which the survey results might differ from the actual population value.

Vitamin Supplements

Products taken orally that contain one or more vitamins or minerals intended to supplement one's diet.

Confidence Estimate

A numerical range or boundary calculated to predict where a certain population parameter is likely to fall with a specified level of certainty.