On September 1, a Machine Was Purchased for $47,000 with a Useful

question 90

Multiple Choice

On September 1, a machine was purchased for $47,000 with a useful life of 8 years, and a residual value of $3,000.What is the depreciation expense in the year of purchase under straight-line method, assuming a December 31 year-end?

• A) $3,917
• B) $3,667
• C) $1,958
• D) $1,833

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Disgust

A strong sensation of aversion or repulsion, often elicited by unpleasant tastes, smells, or sights.

Venting

The act of expressing one's emotions freely to alleviate stress, often involving sharing frustrations.

Reduce Anger

To decrease the intensity of the emotion characterized by antagonism toward someone or something perceived as the cause of a grievance.