Use the Following Information for Questions

question 6

Multiple Choice

Use the following information for questions
On January 1, 2015, Sundry Corp.purchased equipment for $55,000.It was expected to last 8 years, after which it will be sold for $3,000.It is expected to be used for a total of 8,000 machine hours, and was used for 900 hours during the year ended December 31, 2015.
-The depreciation expense for 2015 using the double diminishing-balance method will be

• A)$ 6,875.
• B)$12,375.
• C)$13,000.
• D)$13,750.

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Definitions:

Economic Integration

The process by which different countries reduce trade barriers among themselves, sharing economic policies and integrating their economies.

Social Integration

The process through which individuals or groups are incorporated into a society, ensuring cohesion and unity.

Labels

Markings, names, or categories given to individuals or objects to identify or classify them, often based on specific characteristics or qualities.

Internal Colonialism

The practice of unequal power and economic relations within a country, often leading to the exploitation of minority groups within the dominant national culture.