A Company Purchased Factory Equipment on May 1, 2022 for $30,000.It

question 70

Multiple Choice

A company purchased factory equipment on May 1, 2022 for $30,000.It is estimated that the equipment will have a $4,200 residual value at the end of its 8-year useful life.Using straight-line depreciation, the depreciation expense for the years ended December 31, 2022 and 2023 is

• A)$2,500 in 2022 and $3,750 in 2023.
• B)$3,225 in 2022 and $3,225 in 2023.
• C)$2,150 in 2022 and $3,225 in 2023.
• D)none of the above

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Protected Actions

Activities that employees are entitled to participate in without fear of retribution, often associated with labor rights like striking or protesting.

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Also known as the National Labor Relations Act of 1935, a foundational U.S. law that established the rights of employees to form unions and engage in collective bargaining.

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