Avatar,Inc

question 26

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 accumulated depreciation will Avatar report at December 31,2011?

• A)$96,000
• B)$16,000
• C)$12,000
• D)$0.Accumulated depreciation does not appear on the balance sheet.

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Definitions:

Racial Disparity

The significant differences in treatment or outcomes between racial or ethnic groups.

Established Business Owner

An individual who owns and operates a business that has demonstrated sustainability and success over time.

All-Female

Comprised entirely of female members or participants, often highlighted in contexts where gender representation is notable.

Housing Construction

The process of building residential buildings, which encompasses planning, design, and construction of houses or apartments.