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

question 6

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 $750 was recorded using the straight-line method. The annual depreciation rate is

• A) 25%.
• B) 2%.
• C) 16%.
• D) 20%.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Language Acquisition Device

Hypothesized by Noam Chomsky, it's an innate mechanism or faculty that allows humans to acquire language.

Nativist

A perspective that emphasizes the innate aspects of an individual's development, suggesting certain abilities or characteristics are hard-wired from birth.

Overextending

Taking on too many tasks or commitments, which can lead to stress and difficulty in fulfilling responsibilities.