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

Recognize the importance of reducing variation within process control for quality improvement.

Understand how the standard error of the sample proportion affects the calculation of control limits.

Understand the concept and calculation of standard error in the context of sampling distributions.

Grasp the application and interpretation of control charts in quality control processes.

---

Definitions:

Full-Time

Employment in which a person works a minimum number of hours defined as such by their employer, typically for five days a week.

Extended Family

A family that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives, who all live nearby or in one household.

Immigrated

The action of moving to a new country or region with the intention of settling and living there permanently.

Dual-Income

Pertaining to households in which two adults contribute financially through employment.