Equipment with a Cost of $320,000 Has an Estimated Salvage

question 23

Multiple Choice

Equipment with a cost of $320,000 has an estimated salvage value of $30,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,000 hours?

• A) $80,000.
• B) $87,500.
• C) $82,500.
• D) $72,500.

---

Definitions:

Evangelical Protestants

A diverse group within Protestant Christianity characterized by a strong emphasis on the authority of the Bible, the importance of a personal conversion experience, and the belief in the need for evangelism.

Whig Party

A political group active in the mid-19th century in the United States, which advocated for federal government support for a more modern, commercial, industrial economy.

Political System Realignment

The significant shift in the political landscape, often marked by changes in party dominance, policies, and voter alignment.

American Political System

A system of government in the United States that is a federal republic; it consists of three separate branches (executive, legislative, and judicial) operating under a constitution.