A Company Purchased Equipment for $100,000 in 2012

question 53

Multiple Choice

A company purchased equipment for $100,000 in 2012.The machine will be used for 10,000 hours and will have a residual value of $20,000.The equipment was used for 2,400 hours in 2012.How much depreciation will be recorded in 2012 if the company elects the units-of-production method?

• A) $19,200
• B) $20,000
• C) $10,000
• D) $24,000

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Definitions:

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Intelligence Quotient

A measure of a person's cognitive ability or intelligence, represented as a score derived from standardized tests.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Communication

The exchange of information, feelings, or ideas between individuals or groups, using spoken words, written language, or other symbols.