On April 1, 2015, a Machine Was Purchased for $33,600

question 101

Multiple Choice

On April 1, 2015, a machine was purchased for $33,600.It was estimated that it would have a $3,200 residual value at the end of its 5-year useful life.It was also estimated that the machine would be used for a total of 80,000 hours over the 5 years.If the actual number of machine hours used in 2015 was 12,000 hours and the company uses the units-of-production method of depreciation, the depreciation expense for 2015 would be

• A)$5,040.
• B)$4,560.
• C)$3,780.
• D)$3,420.

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child psychology and cognitive development.

Rosalie Rayner

An American psychologist, best known for her work with John B. Watson and the Little Albert experiment on conditioned emotional responses.

Psychological Laboratory

A controlled environment where experiments are conducted to study psychological processes, often using scientific methods to understand behavior and mental functions.

Wundt

A psychologist often referred to as the father of experimental psychology, known for establishing the first psychology laboratory.