Avatar,Inc

question 66

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 31,2012?

• A)$96,000
• B)$72,000
• C)$12,000
• D)$24,000

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Definitions:

Psychoactive Drugs

Substances that affect the mind, mood, and other mental processes by altering brain function.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another, playing a key role in the functioning of the nervous system.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate and digestion.

Moderate Alcohol

Consumption of alcoholic beverages in a manner that is considered to be within the limits of safety, not leading to alcohol abuse or dependence.