On January 1, 2015, Anodel Inc

question 41

Multiple Choice

On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. Residual value at the end of 5 years is estimated to be $50,000. Calculate the depreciation expense per year using the straight-line method.

• A)$200,000
• B)$190,000
• C)$240,000
• D)$250,000

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Definitions:

Large-scale Clear-cutting

The practice of cutting down all the trees in a large area at once, a controversial method of logging that can have significant environmental impacts.

Habitat Fragmentation

The process by which large and continuous habitats are divided into smaller, isolated patches, often due to human activities.

Biodiversity

the variety and variability of life forms within a given ecosystem, region, or the entire Earth.

Wind-resistant Trees

Wind-resistant Trees are species of trees that have adapted to withstand high winds, often featuring flexible trunks, deep root systems, and strong branches.