On January 1,2017,Real Planes Manufacturing Corporation Purchased a Machine for $40,000,000.The

question 7

Essay

On January 1,2017,Real Planes Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The corporation used the machine for 3,600 hours in 2017 and 5,000 hours in 2018.What is the book value of the machine at the end of year 2018 if the corporation uses double-declining-balance method of depreciation? (Round your intermediate calculations. )

---

Definitions:

Unilateral Imitation

The process of copying the actions or behaviors of another individual without reciprocal behavior from the other side.

Longitudinal Study

A research method that involves repeated observations of the same variables over a period of time, which can extend over years or decades.

Temperament

Temperament refers to the inherent aspects of an individual's personality, such as introversion or extroversion, which are evident from a very early age and are somewhat influenced by genetics.

Exuberant

Filled with or characterized by a lively energy and excitement.