A Machine That Was Purchased on January 1 for $60,000

question 73

Multiple Choice

A machine that was purchased on January 1 for $60,000 has an estimated salvage value of $12,000.If the machine's depreciation rate is 20%, its annual depreciation is

• A)$12,000.
• B)$48,000.
• C)$9,600.
• D)$14,400.

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Definitions:

Experimental Results

The data and observations collected during an experiment, which are analyzed to draw conclusions about the hypothesis tested.

Centimeter

A unit of length in the metric system, equal to one hundredth of a meter, commonly used to measure small distances or heights.

Inch

A unit of length in the British imperial and United States customary systems, equal to 1/12 foot or 2.54 centimeters.

Metric System

A decimal system of measurement based on meters, liters, and grams as units of length, volume, and weight.