On January 1,2013,Zane Manufacturing Company Purchased a Machine for $40,000

question 170

Multiple Choice

On January 1,2013,Zane Manufacturing Company purchased a machine for $40,000.The company expects to use the machine a total of 24,000 hours over the next 6 years.The estimated sales price of the machine at the end of 6 years is $4,000.The company used the machine 8,000 hours in 2013 and 12,000 in 2014.
-What is the book value of the machine at the end of 2014 if the company uses double-declining-balance depreciation?

• A) $20,000
• B) $17,778
• C) $13,333
• D) $28,000

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Definitions:

Peritoneum

A membrane that lines the abdominal cavity and covers most of the abdominal organs, playing a role in their support and protection.

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A ring of darkened skin around the nipple of the breast.

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Female reproductive cells, or eggs, which are produced in the ovaries and, when fertilized by sperm, can develop into an embryo.

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The period in a woman's life, typically occurring between ages 45 and 55, when menstrual cycles permanently cease.