Equipment That Cost of $180,000 Has an Estimated Residual Value

question 119

Multiple Choice

Equipment that cost of $180,000 has an estimated residual value of $15,000 and an estimated useful life of 4 years or 25,000 hours.Using the units-of-production method, the depreciation expense for the first year, during which the machine was used 3,300 hours, would be

• A)$45,000.
• B)$41,500.
• C)$23,760.
• D)$21,780.

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Definitions:

Secretion

This is the process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

ADH

Antidiuretic hormone, a hormone produced by the pituitary gland that regulates the balance of water in the body by reducing the amount of water excreted in urine.

Distal Tubule

A portion of the kidney nephron that functions in the reabsorption of water, sodium, and chloride and in the secretion of potassium and hydrogen ions.

Solute Concentration

The amount of a solute that is dissolved in a solvent, determining the concentration of a solution.