On January 10, 2010, Maxim Corporation Acquired Equipment for $124,000

question 148

Multiple Choice

On January 10, 2010, Maxim Corporation acquired equipment for $124,000. The estimated life of the equipment is 3 years or 24,000 hours. The estimated residual value is $10,000. What is the balance of Accumulated Depreciation on December 31, 2011, if Baldwin Corporation uses the asset 5,500 hours in 2010 and 4,500 hours in 2011?

• A)$76,000
• B)$61,218
• C)$52,083
• D)$47,500

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Definitions:

Voluntary Adoption

The willing and unforced acceptance of an idea, policy, or innovation.

Nutrition Education

Learning experiences aimed to promote voluntary adoption of health-promoting dietary behaviors.

Nutrition Counseling

Professional guidance on diet and eating habits, typically provided by a registered dietitian, to improve health.

Establish Rapport

The process of building a friendly relationship characterized by mutual respect and understanding.