Dugger Excavating Bought a Machine for $24,000 on January 1,20X3,with

question 42

Multiple Choice

Dugger Excavating bought a machine for $24,000 on January 1,20X3,with a useful life of 5 years and a salvage value of $4,000.At the beginning of 20X4,Dugger finds the residual value will be zero. Assume Dugger employs straight-line depreciation.Additionally assume that at the beginning of 20X4 Dugger finds a $200 attachment that extends the life of the equipment 2 years beyond the original estimate.What will be the depreciation expense in 20X4?

• A)$4,800
• B)$4,667
• C)$3,367
• D)$4,000
• E)$4,200

---

Definitions:

Gradient

A visual effect in which one color gradually transitions into another, commonly used in graphic design and digital art.

Background

The setting or circumstances in which an event occurs, or the history and information surrounding an individual or event.

Transparency

The characteristic of being transparent or see-through; in computing, it often refers to the ability of an image to show its background through designated areas.

Background

The part of a visual or digital interface behind the main objects, which can affect the overall appearance and readability.