Use the Following to Answer Questions

question 72

Multiple Choice

Use the following to answer questions
Harding Corporation acquired real estate that contained land,building and equipment.The property cost Harding $1,900,000.Harding paid $350,000 and issued a note payable for the remainder of the cost.An appraisal of the property reported the following values: Land,$374,000;Building,$1,100,000 and Equipment,$726,000.
-Assume that Harding uses the units of production method when depreciating its equipment.Harding estimates that the purchased equipment will produce 1,000,000 units over its 5-year useful life and has salvage value of $34,000.Harding produced 265,000 units with the equipment by the end of the first year of purchase.
Which amount below is closest to the amount Harding will record for depreciation expense for the equipment in the first year?

• A)$193,450
• B)$125,200
• C)$157,145
• D)$165,890

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Definitions:

Vestibulocochlear

Pertaining to the vestibulocochlear nerve, the eighth cranial nerve, which is responsible for transmitting sound and equilibrium (balance) information from the inner ear to the brain.

Accessory

Relating to additional or auxiliary components or structures, often used to describe nerves or muscles that supplement a primary function.

Integration Center

In the nervous system, a region where information is processed and interpreted, leading to an appropriate response to stimuli.

Autonomic Reflexes

Involuntary bodily functions controlled by the autonomic nervous system that regulate vital procedures like heart rate and digestion.