A Machine Was Purchased for $180,000 and It Was Estimated

question 204

Multiple Choice

A machine was purchased for $180,000 and it was estimated to have a $12,000 salvage value at the end of its useful life.Monthly depreciation expense of $1,750 was recorded using the straight-line method.The annual depreciation rate is

• A)15.0%.
• B)2.5%.
• C)10.0%.
• D)12.5%.

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Definitions:

NAND Function

A binary operation that produces a false output only when all its inputs are true; it's often described as "NOT AND."

NOT Function

The NOT Function is a logical operation that inverts the state of its operand; if the input is true, the output is false, and vice versa, commonly used in digital electronics and programming.

Logical Decision

The process of making a choice based on logical conditions or comparisons in programming or digital circuits.

Alternating Current

An electric current that periodically reverses direction, in contrast to direct current (DC) that flows only in one direction.