On January 1,a Machine with a Useful Life of Five

question 105

Multiple Choice

On January 1,a machine with a useful life of five years and a residual value of $6,000 is purchased for $30,000.What is the depreciation expense in year 3 under straight-line depreciation?

• A) $6,000
• B) $4,800
• C) $14,400
• D) $18,000

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Definitions:

Turns Ratio

The ratio of the number of turns in the primary winding of a transformer as compared to the turns of wire in the secondary winding.

Secondary Voltage

The output voltage of a transformer or another type of electrical machine, which is induced by the primary voltage.

Primary

In electrical systems, the initial or main input side of a transformer or circuit.

Center Tapped

A feature in transformers or electrical wires that allows for the creation of a neutral point by tapping into the middle of the windings or conductor.