Pearson Company Bought a Machine on January 1, 2022

question 216

Multiple Choice

Pearson Company bought a machine on January 1, 2022.The machine cost $180,000 and had an expected salvage value of $30,000.The life of the machine was estimated to be 5 years.The depreciation expense using the straight-line method of depreciation is

• A)$50,000.
• B)$36,000.
• C)$30,000.
• D)none of these answer choices are correct.

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Definitions:

Board Members

Individuals elected or appointed to serve on the governing body of an organization, responsible for overseeing its management and operations.

Performance Accountability

Holding individuals or teams responsible for achieving specific outcomes or objectives, often measured through performance metrics.

Strategic Management

The process of planning, monitoring, analyzing, and assessing an organization's resources and environment to achieve its goals and objectives.

Cost Leadership Strategy

A strategy that seeks to operate with low cost so that products can be sold at low prices.