On January 2, 2010, KJ Corporation Acquired Equipment for $260,000

question 7

Multiple Choice

On January 2, 2010, KJ Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated residual value is $20,000. If KJ Corporation uses the units of production method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2011-assuming that during this period, the asset was used 8,250 hours?

• A)$48,000
• B)$49,500
• C)$51,500
• D)$53,625

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Definitions:

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Distinct communities defined by shared ancestry, language, customs, and traditions.

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A form of therapy involving both psychological and social aspects, focusing on improving an individual's mental health and social functioning.

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