On January 1, a Machine with a Useful Life of Five

question 179

Multiple Choice

On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000. What is the depreciation expense in year 2 using the double-declining-balance method?

• A) $3,600
• B) $4,800
• C) $4,080
• D) $6,000

Understand the dynamic nature of external organizational environments and their impact on HR.

Define key environmental scanning processes and tools.

Identify key stakeholders and their influence on organizational strategy.

Grasp the role of technology in the evolution of HRM practices.

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Definitions:

Competitive Market Economy

An economic system where a large number of buyers and sellers interact, resulting in the efficient allocation of resources through competitive pricing.

New Product

A good, service, or idea that has been recently introduced to the market, offering novel features or benefits to consumers.

Competitive Price-Searcher Market

A market structure where firms have some degree of market power in setting prices due to product differentiation, but still face competition from other firms.

Losses

The amount by which costs exceed income, resulting in a negative financial outcome for businesses or individuals.