A Machine Was Purchased for $54,000 and It Was Estimated

question 193

Multiple Choice

A machine was purchased for $54,000 and it was estimated to have a $9,000 salvage value at the end of its useful life.Monthly depreciation expense of $600 was recorded using the straight-line method.The annual depreciation rate is

• A)20%.
• B)1.6%.
• C)12.8%.
• D)16.0%.

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Definitions:

Windpipe

Commonly known as the trachea, it's the tube that connects the larynx to the bronchi, providing air passage to the lungs.

Trachea

Also known as the windpipe, it is a large membranous tube reinforced by rings of cartilage, extending from the larynx to the bronchial tubes and conveying air to and from the lungs.

Primary Bronchi

The two main branches of the trachea that lead directly into the lungs, providing the passage for air to enter and leave the lungs.

Pharynx

The muscular tube that extends from the back of the nasal cavities and mouth down to the esophagus and larynx, serving both respiratory and digestive functions.