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A company purchased a machine on January 1 of the current year for $750,000.Calculate the annual depreciation expense for each year of the machine's life (estimated at five years or 20,000 hours,with a salvage value of $75,000).During the machine's five-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours.
Legal Factors
Elements of the law that influence or affect business operations and strategy, including regulations, compliance issues, and legal disputes.
Economic Factors
These are variables and conditions that affect the economic performance of markets and businesses, such as inflation rates, unemployment levels, and interest rates.
Voting Stock
Shares that grant the holder the right to vote on company matters, such as the election of the board of directors.
Book Value
An accounting term denoting the portion of the company held by the shareholders at accounting value, not market value.
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