On January 1,2013,Zane Manufacturing Company Purchased a Machine for $40,000

question 114

Multiple Choice

On January 1,2013,Zane Manufacturing Company purchased a machine for $40,000.The company expects to use the machine a total of 24,000 hours over the next 6 years.The estimated sales price of the machine at the end of 6 years is $4,000.The company used the machine 8,000 hours in 2013 and 12,000 in 2014.
- What is depreciation expense for 2013 if the company uses double-declining-balance depreciation?

• A) $6,667
• B) $6,000
• C) $13,333
• D) $12,000

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Definitions:

Critical Period

A specific time during development when the organism is particularly sensitive to certain environmental stimuli, and its absence can lead to irreversible consequences.

Preoperational Stage

A stage in Piaget's theory of cognitive development, occurring from ages 2 to 7, characterized by symbolic thinking and egocentrism.

Object Permanence

Understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed; usually develops in infancy.

Accommodation

The process by which individuals adjust their schemas and perceptions to incorporate new experiences.