Francisco Owns a Machine That It Purchased on July 1

question 31

Multiple Choice

Francisco owns a machine that it purchased on July 1, 2019 for $600,000. The machine had an estimated useful life of 8 years and an estimated residual value of $10,000. The company uses straight-line depreciation and records monthly depreciation. The machine was sold on December 31, 2024 for $350,000. What was the depreciation expense for 2019?

• A)$30,729
• B)$36,875
• C)$73,750
• D)$75,000

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Definitions:

Participative Management

Participative Management is a management approach whereby employees at all levels are involved in the decision-making processes of the organization.

Directive Leadership Style

A leadership approach where the leader provides clear instructions and expectations, and closely supervises the tasks and processes.

Social Leadership

The aspect of leadership focused on establishing directions, influencing others, and initiating changes within a social context.

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, encouraging the likelihood of the behavior being repeated.