A Factory Machine Was Purchased for $375,000 on January 1

question 112

Multiple Choice

A factory machine was purchased for $375,000 on January 1, 2015. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2015. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2015 would be

• A)$37,500.
• B)$60,000.
• C)$75,000.
• D)$30,000.

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Definitions:

Young Adulthood

A life stage typically ranging from the late teens through the twenties, marked by exploration, independence, and self-discovery.

Big Five Traits

A model outlining five broad dimensions of personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Agreeableness

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After Age 50

A life stage that can signify different experiences across cultures, including the approach of retirement, changes in health status, and shifts in social roles.