Copy Equipment Was Acquired at the Beginning of the Year

question 95

Multiple Choice

Copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,000,000 copies. This year, 315,000 copies were made. What is the units-of-output depreciation for the year?

• A) $22,050
• B) $18,900
• C) $22,680
• D) $19,845

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Definitions:

Ratified

The process of formally approving or confirming a previous act or decision, making it officially valid.

Disaffirmed

The act of denying, rejecting, or nullifying an agreement or contract, especially by a minor.

Intoxicated People

Individuals under the influence of alcohol or drugs to a degree that impairs their abilities and decision-making capacities.

Disaffirm Agreements

The legal action of renouncing or rejecting a contract or agreement, especially by minors.