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

question 193

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 $600 was recorded using the straight-line method.The annual depreciation rate is

• A)20%.
• B)1.6%.
• C)12.8%.
• D)16.0%.

---

Definitions:

Presentation of Ideas

The act of showcasing or explaining concepts to an audience effectively.

Requests for Adjustment

Formal or informal petitions for changes or modifications to products, services, or agreements.

Actionable Claims

Legal rights to pursue or claim a debt or property, enforceable through legal action.

Sales Message

A communication designed to persuade a potential buyer about the benefits of a product or service, encouraging them to make a purchase.