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:

Social Group

A collection of individuals bound together by common social identification and interaction.

Social Construction

The theory that many aspects of society, including knowledge, identities, and realities, are created through collective human agreement and interpretation.

Objective Reality

The state or quality of being true and existing outside of an individual's feelings, thoughts, or biases.

Collective Consciousness

The body of beliefs that are common to a community or society and that give people a sense of belonging.