Able Company Bought a Machine on January 1,2008 for $80,000

question 148

Multiple Choice

Able Company bought a machine on January 1,2008 for $80,000.At the time the machine was purchased it was estimated to have an 8-year useful life and a $4,000 salvage value.Able uses straight-line depreciation.During 2014,before the adjusting entry for depreciation was made,Able revised the estimated useful life of the machine to a total of ten years,with an estimated salvage value of $0.How much depreciation expense should the company report for the year ended December 31,2014?

• A)$5,000
• B)$5,750
• C)$4,400
• D)$9,500

Identify the factors influencing social mobility in the United States.

Explain the functionalist and conflict theories regarding social inequality and stratification.

Analyze the role of education, gender, and occupation in social stratification.

Describe the historical systems of stratification and their impact on modern society.

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Definitions:

Exploded View

A diagram or illustration that shows the components of an object slightly separated by distance, often used in engineering to depict assembly relationships.

Graphically

Using diagrams, charts, or other visual representations to explain or analyze data and concepts.

Group Technology

An approach in manufacturing that groups parts with similar characteristics into families to achieve efficiency in production.

Electronic Communication

The transmission of information using electronic methods such as email, text messaging, and online platforms.