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

question 71

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 2014 if the company uses double-declining-balance depreciation?

• A) $13,333
• B) $8,889
• C) $6,000
• D) $10,000

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Definitions:

Changing Beliefs

The process of altering or adapting one’s convictions or perceptions, often as a result of new information, experiences, or persuasive arguments.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones due to satisfaction, trust, or emotional connection.

Attitudinal Discrimination

A form of discrimination based on preconceived opinions, attitudes, or biases towards individuals or groups, regardless of factual evidence or experience.

Beliefs

A consumer’s subjective perception of how a product or brand performs on different attributes based on personal experience, advertising, and discussions with other people.