Compatibility Services Acquired an $80,000 Machine on January 1,20X3

question 129

Multiple Choice

Compatibility Services acquired an $80,000 machine on January 1,20X3.The machine is estimated to have a useful life of 8 years,and a residual value of $4,000.For units-of-production depreciation purposes,the machine is expected to produce 400,000 units.If Compatibility Services uses double-declining-balance depreciation,what is the depreciation expense in 20X3?

• A)$14,400
• B)$20,000
• C)$17,600
• D)$25,000
• E)$27,776

---

Definitions:

Multifaceted Approach

An approach or strategy that incorporates multiple perspectives or components to address a problem or achieve a goal.

Utilitarianism

A theory in ethics and philosophy that states the best action is the one that maximizes utility, primarily defined in terms of well-being and happiness.

Greatest Good

A concept often associated with utilitarianism, referring to the action that achieves the highest level of happiness or benefit for the greatest number of people.

Greatest Number

A concept often related to utilitarian philosophy, focusing on actions that benefit the majority or largest portion of a community.