On January 2,2015,Konrad Corporation Acquired Equipment for $300,000

question 103

Multiple Choice

On January 2,2015,Konrad Corporation acquired equipment for $300,000.The estimated life of the equipment is 5 years or 40,000 hours.The estimated residual value is $20,000.If Konrad Corporation uses the units of production method of depreciation,what will be the debit to Depreciation Expense for the year ended December 31,2016,assuming that during this period,the asset was used 9,000 hours?

• A)$48,000
• B)$56,000
• C)$63,000
• D)$67,500

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Definitions:

Section

A distinct part of an object, document, or area, often separated by boundaries or divisions.

Longitudinal

Pertaining to length or the longitudinal axis; in research, it refers to studies conducted over a long period to observe changes in the study subjects.

Transverse

Describes an anatomical section or plane that is perpendicular to the long axis of the body or an organ, dividing it into superior and inferior parts.

Pelvic Cavity

The body cavity located within the pelvis, enclosing parts of the reproductive, digestive, and urinary systems.