A Bulldozer Purchased by Miner Corporation Is Expected to Last

question 1

Multiple Choice

A bulldozer purchased by Miner Corporation is expected to last 7 years. The purchase price was $23,800. Shipping costs were $266 and initial setup charges were $393. The trade-in value is $2,204. Using the straight-line depreciation method, calculate the accumulated depreciation at the end of year 3.

• A) $12,611.37
• B) $9,537.86
• C) $9,937.32
• D) $8,833.87

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Definitions:

Cosmological Argument

An argument (or set of arguments) that undertakes to prove that God exists on the basis of the idea that there must have been a first cause or an ultimate reason for the existence of the universe (the cosmos).

Ontological

Having to do with the idea of existence or reality.

Design Arguments

Arguments for the existence of God based on the premise that the universe's complexity and functionality suggest it was designed by an intelligent cause.

Leap of Faith

A term used to describe the act of believing in something without empirical evidence or in the absence of proof.