Stine Company Purchased Machinery with a List Price of $64,000

question 94

Multiple Choice

Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be

• A) $4,100.
• B) $4,072.
• C) $6,100.
• D) $3,760.

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Definitions:

Precapillary Sphincter

A band of smooth muscle that adjusts blood flow into capillaries mainly by contracting and relaxing, thereby regulating the passage of blood into tissues.

Lactate Production

Lactate production occurs during anaerobic respiration in muscles, where glucose is converted to lactate in the absence of sufficient oxygen, leading to muscle fatigue.

Venous Tone

The degree of constriction experienced by the veins, influencing the volume of blood held within venous reservoirs and blood pressure.

Medulla Oblongata

The lower portion of the brainstem that regulates vital functions, such as heart rate and breathing.