A Machine Is Purchased on January 1,2018,for $90,000

question 64

Multiple Choice

A machine is purchased on January 1,2018,for $90,000.It is expected to have a useful life of five years and a residual value of $5,000.The company closes its books on December 31.Under the double-declining balance method,what is the total amount of depreciation to be expensed during the 2019?

• A)$21,600
• B)$22,000
• C)$22,400
• D)$34,000

---

Definitions:

Financially Capable

Refers to the ability of an individual or entity to manage financial resources effectively, ensuring they can meet their current and future obligations.

Justiciable Controversy

A dispute that is appropriate for court review because it involves a real and substantial conflict between parties with legitimate interests.

Hypothetical

A theoretical situation or proposition used for the purpose of discussion, analysis, or problem-solving.

Justiciable Controversy

A genuine and concrete dispute suitable for court adjudication because it affects the legal rights of the parties involved.