Castle Rock Owns a Machine That It Purchased on Jan

question 72

Multiple Choice

Castle Rock owns a machine that it purchased on Jan 1,2016 for $400,000.The machine had an estimated useful life of 10 years with a production capacity for 80,000 units and was expected to have no residual value.The company uses the units-of-production method to record depreciation.The machine produced 15,000 units in 2016,18,000 units in 2017 and 25,000 units in 2018.The machine was sold on December 31,2018 for $350,000.What was the depreciation expense for 2018?

• A)$39,000
• B)$40,000
• C)$90,000
• D)$125,000

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Definitions:

Difficult

Characterized by tasks or situations that demand significant effort or pose considerable challenges to overcome.

Slow to Warm Up

Describes individuals, especially children, who are cautious or less adaptive to new environments or people, but gradually become more comfortable with exposure.

Temperament Classification

A method of categorizing individuals based on their typical responses to the environment, including aspects such as mood, activity level, and emotional reactivity.

Easy

denotes something that can be achieved or understood with minimal effort or difficulty.