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:

Excessive Errors

A greater number of mistakes than what is considered normal or acceptable.

Goal

A specific, measurable, attainable, relevant, and time-bound target that an individual or organization aims to achieve.

Equity

The concept of fairness or justice in the way people are treated and decisions are made.

Inputs And Outcomes

The resources, efforts, or information entered into a system or process and the results or effects produced.