The Method of Depreciation Was Changed from the Double-Declining-Balance Method

question 111

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2013. A machine was purchased on January 1, 2011, at a cost of $150,000. The machine has an estimated useful life of 10 years and a residual value of $9,000. What adjustment is needed for fiscal 2011?

• A)$14,100
• B)$15,900
• C)$24,000
• D)$30,000

Understand the ethical considerations and medical advances affecting the age of viability and care for premature infants.

Differentiate between various childbirth methods and their specific aspects.

Understand the genetic and environmental factors affecting human behavior and traits.

Comprehend the processes and stages of human conception, pregnancy, and birth.

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Definitions:

Flexible Budgets

Budgets that adjust or flex with changes in volume or activity levels of the organization.

Manufacturing Data

Information and statistics related to the production processes, including metrics on efficiency, quality, cost, and output.

Cost of Goods Sold

Costs directly linked to the production of goods a company sells, such as materials and labor.

Direct Materials Purchases

The total cost of raw materials bought that are intended to be used in the manufacture of products.