On January 1, 2015, a Machine with a Useful Life

question 113

Multiple Choice

On January 1, 2015, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000.Using the double diminishing-balance method, the depreciation expense for the year ending December 31, 2016 would be

• A)$10,000.
• B)$ 9,000.
• C)$ 6,000.
• D)$ 5,400.

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Definitions:

Productive

Having the power to produce; effectively generating goods, services, or results.

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Physiological Damage

Harm caused to the normal functions and structures of an organism's body.

Stress Management

A wide spectrum of techniques and psychotherapies aimed at controlling a person's levels of stress, especially chronic stress, for the purpose of improving everyday functioning.