Wickland Company Installs a Manufacturing Machine in Its Production Facility

question 160

Multiple Choice

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.The machine's useful life is estimated to be 5 years,or 400,000 units of product,with a $7,000 salvage value.During its second year,the machine produces 84,500 units of product.Determine the machines' second year depreciation under the units-of-production method.

• A)$16,900.
• B)$16,000.
• C)$17,400.
• D)$18,379.
• E)$20,880.

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Definitions:

Basic Anxiety

A term introduced by psychoanalyst Karen Horney, referring to feelings of helplessness and insecurity that arise from living in a potentially hostile world.

Neurotic Needs

These are emotional needs that can become compulsive and counterproductive, often resulting from attempts to deal with anxiety and insecurity.

Basic Anxiety

A theory by Karen Horney that refers to feeling helpless and insecure as a child, which can affect adult personality.

Neurotic Needs

In psychology, these are unhealthy desires or tendencies that individuals develop as a result of anxiety and are attempts to manage this anxiety.