Machiel Manufacturing Acquired a $60,000 Machine on January 1,2009

question 98

Multiple Choice

Machiel Manufacturing acquired a $60,000 machine on January 1,2009.The machine is estimated to have a useful life of 4 years,and a residual value of $10,000.For units-of-production depreciation purposes,the machine is expected to produce 500,000 units.If Machiel Manufacturing uses straight-line depreciation,what is the balance in the accumulated depreciation account on January 1,2011?

• A)$14,400
• B)$16,000
• C)$17,600
• D)$21,600
• E)$25,000

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Definitions:

Dinosaurs

A diverse group of prehistoric reptiles that lived during the Mesozoic Era, now extinct.

Mass Extinctions

Events in Earth's history where large numbers of species become extinct in a relatively short period of time.

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The collection of all known fossils and their placement in rock formations and sedimentary layers, providing evidence of past life and evolutionary histories.

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Simple, self-organized, prebiotic structures that are considered the precursors to living cells.