Francisco Owns a Machine That It Purchased on July 1

question 25

Multiple Choice

Francisco owns a machine that it purchased on July 1, 2010 for $600,000. The machine had an estimated useful life of 8 years and an estimated residual value of $10,000. The company uses straight-line depreciation and records monthly depreciation. The machine was sold on December 31, 2015 for $350,000. What was the depreciation expense for 2010?

• A)$30,729
• B)$36,875
• C)$73,750
• D)$75,000

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Definitions:

Communal Orientation

The disposition towards valuing relationships and prioritizing communal well-being over individual gain.

Urban Overload Hypothesis

The idea that city dwellers avoid being overwhelmed by stimulation by narrowing their attention, making it more likely that they overlook legitimate situations where help is needed.

Urban Overload Hypothesis

The theory that people living in cities experience overload from the intense stimuli of urban environments, leading to withdrawal and reduced helping behaviors.

Population Density

The measure of the number of individuals living in a given area, often per square mile or square kilometer.