What Would Be the Depreciation Expense in Year 1, Using

question 118

Multiple Choice

What would be the depreciation expense in year 1, using units-of-production, for a molding machine that cost $15,000, had a useful life of 6 years, no residual value, and an estimated total machine hours of 50,000? Production in year 1 was 8,000 hours. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $2,400
• B) $2,857
• C) $4,800
• D) $7,000

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Definitions:

Discrete Random Variable

A type of random variable that can take on a countable number of distinct values.

Discrete Random Variable

A random variable that can take on a countable number of distinct values.

Variance

A measure of the dispersion or spread of a set of data points, indicating how much the data deviate from their mean.

Random Variable

A variable that can take on numerical results stemming from a random event.