Equipment Costing $30,000 with a Residual Value of $3,000 and an Estimated

question 96

Multiple Choice

Equipment costing $30,000 with a residual value of $3,000 and an estimated life of eight years has been depreciated using the straight-line method for two years. Assuming a revised estimated total life of five years, the depreciation expense for year 3 would be

• A) $3,375.
• B) $4,500.
• C) $6,750.
• D) $5,400.

Understand the relationship between capacity planning, materials planning, and the strategic, tactical, and operational planning horizons.

Identify the core functions of Manufacturing Execution Systems (MES) and their role in operational efficiency.

Understand the fundamental concepts of behavior and behavior modification.

Define and distinguish between antecedents, behavior, and consequences.

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Definitions:

Contract Rescission

The legal cancellation or termination of a contract, returning all parties to their positions prior to the agreement.

Equitable Remedy

A remedy granted by courts in situations where money damages are inadequate, involving actions like injunctions or specific performance.

Mistake

An erroneous belief about the facts of a contract at the time the contract is concluded. When a mistake occurs, legal assent is absent.

Material Effect

A significant impact or change on a company's operations, financial condition, or future prospects.