Fantasmic Moulds Purchased Equipment on January 1, 2009 for $275,000

question 61

Multiple Choice

Fantasmic Moulds purchased equipment on January 1, 2009 for $275,000. It was estimated that the equipment would have a residual value of $25,000 at the end of its useful life. The asset's useful life was estimated at 5 years or 10,000 units of output. The company has a December 31 year end. Additional Information
Assuming the company uses the units-of-production depreciation method, what is the depreciation expense for 2009?

• A)$25.00
• B)$27.50
• C)$52,500
• D)$57,750

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Definitions:

Union Density Rate

The percentage of workers in a specific area or industry that are members of labor unions, often used as an indicator of union strength.

Job Control Unionism

A type of unionism focused on controlling aspects of the job itself, such as working conditions, job assignments, and seniority rights.

Union Density Rate

The percentage of workers in a particular sector or country who are members of labor unions.

Organizing Model

A strategy in labor movements focusing on building strong unions through active participation and recruitment of workers, emphasizing direct action and solidarity.