A Machine with a Cost of $75,000 Has an Estimated

question 15

Multiple Choice

A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

• A) $17,500
• B) $37,500
• C) $18,750
• D) $16,667

---

Definitions:

Cognitive Development

involves the changes and growth in how we understand the world, think, learn, and reason over time, from childhood through adulthood.

Piaget's Stages

A theory that describes the cognitive development of children in four stages: Sensorimotor, Preoperational, Concrete Operational, and Formal Operational.

Concrete Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events and understand the concept of conservation.

Cross-Cultural Studies

Comparative research examining cultural differences and similarities across various human societies.