Equipment with a Cost of $160,000, an Estimated Residual Value

question 69

Multiple Choice

Equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is

• A) $11,636
• B) $16,000
• C) $11,000
• D) $8,000

Comprehend the justifications and doctrines related to war, including preemptive and protective war.

Recognize the principles and applications of international trade and dispute resolution mechanisms, involving entities like WTO and CISG.

Analyze the development and impact of political ideologies and theories on global order and international relations.

Identify the legal frameworks governing prisoners of war, consumer rights in electronic commerce, and competent authority in warfare.

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Definitions:

Subject to Taxation

Describes income, goods, property, and other financial transactions that are considered taxable by the government.

Manufacturing Plant

A manufacturing plant is a large industrial facility where goods are produced through the combination of labor, machines, and processing of raw materials.

Certificate of Authority

A document issued by a state government granting a foreign business entity permission to conduct business in that state.

Foreign Corporation

A corporation that is registered and operates in a different jurisdiction from where it was originally incorporated.