The Method of Depreciation Was Changed from the Double-Declining-Balance Method

question 99

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2022. A machine was purchased on January 1, 2020, at a cost of $150,000. The machine has an estimated useful life of 10 years and a residual value of $9,000. What was booked as depreciation expense in fiscal 2020?

• A)$14,100
• B)$15,900
• C)$24,000
• D)$30,000

Recognize the structure and function of the digestive tract wall.

Understand the mechanisms of digestion, absorption, and propulsion in the digestive tract.

Identify the types of movements in the digestive tract and their specific roles.

Comprehend the anatomical organization and sequence of the digestive tract.

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Definitions:

Indirect Labor

Labor costs not directly associated with the production of goods, such as maintenance and cleaning staff salaries.

Assembly Line Supervisor

An individual responsible for overseeing and managing the workflow and workers on a manufacturing assembly line.

Direct Labor

The compensation provided to workers directly engaged in manufacturing products or delivering services.

Period Cost

Expenses that are incurred during a specific accounting period but not directly tied to the production process, such as selling, general, and administrative expenses.