A Machine Is Purchased for $100 000

question 14

Multiple Choice

A machine is purchased for $100 000.It is to be depreciated on a reducing balance basis using a rate of 20%.How much will be charged for depreciation expense for year 2 of the machine's life?

• A)$16 000
• B)$20 000
• C)$15 000
• D)$12 800

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Definitions:

Socialization

The process by which individuals learn and adapt to the norms, values, behaviors, and social skills appropriate to their society or social group.

Kinds Of Fit

The compatibility between different elements, such as an individual's values and the culture of an organization, or between a person's skills and job requirements.

Socialization

encompasses the process by which individuals learn the norms, values, and required behaviors of a society or specific group.

Kinds Of Fit

This can refer to how well individuals match with their job, organization, or team in terms of values, skills, and characteristics, enhancing performance and satisfaction.