Francisco Owns a Machine That It Purchased on July 1,2016

question 61

Multiple Choice

Francisco owns a machine that it purchased on July 1,2016 for $600,000.The machine had an estimated useful life of 8 years and an estimated residual value of $10,000.The company uses straight-line depreciation and records monthly depreciation.The machine was sold on December 31,2021 for $350,000.What was the depreciation expense for 2016?

• A)$30,729
• B)$36,875
• C)$73,750
• D)$75,000

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Definitions:

Pseudo Morpheme

A unit of sound or a part of a word that appears to have meaning or function as a morpheme but does not qualify as one in the language structure.

Morphemes

The smallest units of meaning in a language, which can be a single word, prefix, or suffix.

Phonemes

Phonemes are the basic units of sound in a language that distinguish one word from another, for example, the difference in sound between "bat" and "pat."

Speech Stream

The continuous flow of spoken language that a listener receives, which they must segment into recognizable units or words.