A Factory Machine Was Purchased for $375000 on January 1

question 52

Multiple Choice

A factory machine was purchased for $375000 on January 1 2017. It was estimated that it would have a $75000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40000 hours in the 5 years. The company ran the machine for 4000 actual hours in 2017. If the company uses the units-of-activity method of depreciation the amount of depreciation expense for 2017 would be

• A) $37500.
• B) $60000.
• C) $75000.
• D) $30000.

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A professional dedicated to helping individuals, families, and communities to cope with challenges and improve their well-being through various supports and interventions.

Stakeholders

Individuals or groups with an interest or concern in something, especially a business or project, and its success or failure.

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Changes or improvements made to existing rules, regulations, or laws with the aim of making them more effective or fair.

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The characteristic methods, tactics, and appearances adopted by a social movement to conduct its activities and communicate its message.