A Machine Was Purchased for $180,000 and It Was Estimated

question 40

Multiple Choice

A machine was purchased for $180,000 and it was estimated to have an $12,000 salvage value at the end of its useful life. Monthly depreciation expense of $1,750 was recorded using the straight-line method. The annual depreciation rate is

• A)15.0%.
• B)2.5%.
• C)10.0%.
• D)12.5%.

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Definitions:

Internally Focused Strategies

Approaches within a business that concentrate on improving internal processes, resources, and capabilities to meet organizational goals and objectives.

Human Resource Orientation

A focus within an organization aimed at integrating HR policies and practices with the strategic objectives of the organization.

Ancillary Sales

Sales generated from additional products or services that complement or enhance the main product or service offering.

Resource Access

The ability of a company to secure and utilize necessary resources, such as raw materials, financing, and information, to operate effectively.