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:

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Confounding Variables

External factors that can affect the outcome of an experiment, introducing errors by influencing the dependent variable alongside or instead of the independent variable.

Random Assignment

A method used in experiments to ensure that every participant has an equal chance of being assigned to any given group, helping to control for confounding variables.

Alcohol Consumption

Alcohol Consumption pertains to the intake of alcoholic beverages by individuals, which can have various social, cultural, and health implications.