Seneca Valley Owns a Machine That It Purchased on Jan

question 11

Multiple Choice

Seneca Valley owns a machine that it purchased on Jan 1, 2010 for $600,000. The machine had an estimated useful life of 5 years and an estimated residual value of $100,000. The company uses the declining balance method with a rate of 40%. The machine was sold on December 31, 2012 for $140,000. What was the depreciation expense for 2010?

• A)$100,000
• B)$120,000
• C)$200,000
• D)$240,000

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Definitions:

Positive Reinforcement

A technique used to encourage desired behavior by offering rewards or incentives when the behavior is demonstrated.

Approval

The act of accepting or endorsing something as meeting a required standard or condition.

Useful Comment

A constructive and beneficial observation or feedback that contributes to improvement or understanding.

Intermittent Reinforcement

A conditioning schedule in which a behavior is rewarded at random intervals, which can lead to a high level of response persistence.