On January 1, 2014, Janik Corp

question 16

Multiple Choice

On January 1, 2014, Janik Corp. acquired a machine at a cost of $700,000. It is to be depreciated on the straight-line method over a five-year period with no residual value. Because of a bookkeeping error, no depreciation was recognized in Janik's 2014 financial statements. The oversight was discovered during the preparation of Janik's 2015 financial statements. Depreciation expense on this machine for 2015 should be

• A) $0.
• B) $140,000.
• C) $175,000.
• D) $280,000.

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Definitions:

Capacitor-start

A motor design that includes a capacitor in the starting circuit for improved startup torque, commonly used in single-phase AC motors.

Capacitor-run Motors

Electric motors that use a capacitor in their circuit for the purpose of running efficiently, often found in HVAC systems and smaller machinery.

Paper And Foil

Materials often used in the construction of capacitors, with paper acting as the dielectric medium and foil as electrodes.

Phase-shift

The change in phase angle between two points in a wave or between two waves, which can affect wave interference and signal transmission.