Castle Rock Owns a Machine That It Purchased on Jan

question 27

Multiple Choice

Castle Rock owns a machine that it purchased on Jan 1, 2010 for $400,000. The machine had an estimated useful life of 10 years with a production capacity for 80,000 units and was expected to have no residual value. The company uses the units-of-production method to record depreciation. The machine produced 15,000 units in 2010, 18,000 units in 2011 and 25,000 units in 2012. The machine was sold on December 31, 2012 for $350,000. What was the depreciation expense for 2012?

• A)$39,000
• B)$40,000
• C)$90,000
• D)$125,000

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Definitions:

Hispanic Americans

Americans of Spanish-speaking ancestry, including those from Latin America and Spain.

Residential Integration

The degree to which individuals of different racial, ethnic, or socioeconomic backgrounds live together in the same neighborhoods.

Minority Group

Refers to a category of people distinguished by physical or cultural traits, who are socially disadvantaged.

Socially Disadvantaged

Refers to individuals or groups that experience inequalities in society due to various factors such as economic status, education, race, or disability.