Caterpillars,Inc

question 47

Multiple Choice

Caterpillars,Inc. ,a manufacturing company,acquired equipment on January 1,2014 for $530,000.Estimated useful life of the equipment was seven years and the estimated residual value was $13,000.On January 1,2017,after using the equipment for three years,the total estimated useful life has been revised to nine total years.Residual value remains unchanged.The company uses the straight-line method of depreciation.Calculate depreciation expense for 2017.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$50,476
• B)$49,238
• C)$58,889
• D)$57,444

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Definitions:

Genetic Factors

The aspects of an individual's genes or heredity that influence their characteristics, including physical traits, behaviors, and susceptibilities to certain conditions.

Primacy

The tendency to remember and give more importance to the first information we encounter about something, over data that comes later.

Parental Effect

The influence that parents have on the development, behavior, and personality of their children.

Formative Period

A critical phase in development or history where foundational growth, organization, or change takes place.