Machinery Is Purchased for $140 000

question 31

Multiple Choice

Machinery is purchased for $140 000.It is estimated that it has a useful life of 5 years and a residual value of $20 000.Using the straight-line method,the balance in the accumulated depreciation account at the end of the third year of the machine's useful life is:

• A) $140 000
• B) $68 000
• C) $24 000
• D) $72 000

---

Definitions:

Sterile Technique

A set of specific practices performed to maintain sterility during medical procedures to prevent infection.

Muscular Dystrophy

A group of genetic disorders characterized by progressive weakness and degeneration of the skeletal muscles that control movement.

Impaired Spontaneous Ventilation

A condition where the natural ability to breathe independently and maintain adequate gas exchange is diminished or compromised.

Morphine Sulfate

An opioid medication used for the relief of moderate to severe pain by acting directly on the central nervous system.