Martin Motors purchased a machine that will help diagnose problems with engines. The machine cost $210,000 on January 10, 2010 and a residual value of $10,000 was anticipated, with a useful life of 5 years. These statistics are available:
Martin Motors realized at the beginning of 2012 that the machine would last an additional 8 years. Martin Motors uses the DDB method.
Prepare the appropriate journal entry to record the depreciation expense for 2012.
Definitions:
Prisoner's Dilemma
A fundamental problem in game theory showing why two individuals might not cooperate, even if it is in both their best interests to do so.
Slave-making Ants
Ant species that invade the colonies of other ants, capturing and forcing the captured ants to work for them.
Defection
The act of deserting a party, cause, or alliance, especially in a political or military context.
Honeyguides
A group of birds known for their unique behavior of leading humans or other animals to beehives, where they feed on the wax and bee larvae.
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