Morten Co ,Which Uses the Double-Declining-Balance Method of Depreciation,purchased a New

question 215

Multiple Choice

Morten Co. ,which uses the double-declining-balance method of depreciation,purchased a new machine on January 1,2018.The machine cost $160,000,had an estimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the depreciation expense for 2018?

• A)$20,000
• B)$40,000
• C)$10,000
• D)$30,000

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Definitions:

Maintenance

The process of preserving a condition or situation or the work necessary to keep something functioning or in service.

Accessory Equipment

Additional or supplemental devices or tools used to enhance or support the main functionality of a primary product or system.

Business Products

Goods and services that are sold to other businesses for further production, resale, or use in operations.

Copiers

Machines used to make copies of documents and images.