On October 1 2022 Mann Company Places a New Asset

question 135

Multiple Choice

On October 1 2022 Mann Company places a new asset into service.The cost of the asset is $120000 with an estimated 5-year life and $30000 salvage value at the end of its useful life.What is the depreciation expense for 2022 if Mann Company uses the straight-line method of depreciation?

• A)$4500.
• B)$24000.
• C)$6000.
• D)$12000.

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Definitions:

Association Areas

Areas of the cerebral cortex that are not involved in primary motor or sensory functions; rather, they are involved in higher mental functions, such as learning, remembering, thinking, speaking, and integrating information.

Neural Networks

Computational models inspired by the human brain's network of neurons, used in machine learning and artificial intelligence for pattern recognition and data analysis.

Interneurons

Neurons that transmit impulses between other neurons, especially as part of reflex arcs or neural networks.

Sympathetic Nervous System

part of the autonomic nervous system that prepares the body for rapid action in emergencies; "fight or flight" response.