Avatar,Inc

question 35

Multiple Choice

Avatar,Inc.bought a machine on January 1,2011 for $96,000.The machine is expected to last for 8 years,after which it will be worthless.How much depreciation expense will Avatar show on its income statement for the year ended December 31,2011?

• A)$96,000
• B)$16,000
• C)$12,000
• D)$0.Depreciation expense does not appear on the income statement.

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Definitions:

Reluctant

Feeling or showing hesitation or unwillingness.

Barbary Wars

A series of conflicts between the United States and the Barbary States in North Africa in the early 19th century, aiming to stop pirate attacks on American shipping.

Causes

The reasons or motivations behind certain actions, events, or phenomena, explaining why something happens or the factors leading to a particular outcome.

Consequences

Consequences are outcomes or effects that result from a particular action or set of conditions, often implying a focus on the results of actions and their impact on future events or situations.