On January 1,2019,a Machine Has a Remaining Book Value of $5,000.The

question 189

Multiple Choice

On January 1,2019,a machine has a remaining book value of $5,000.The residual value of the machine is $1,500.The company uses the double-declining-balance method of depreciation.If 2019 is the last year for depreciation,what is Depreciation Expense for the year ending December 31,2019?

• A)$0
• B)$1,500
• C)$3,500
• D)$5,000

Recognize the importance of marginal analysis in making economic decisions.

Identify the role of government and policies in modifying behaviors through economic incentives.

Understand how people respond to changes in prices and the availability of resources.

Appreciate the importance of choices and trade-offs in economic theory.

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Definitions:

Acceptance

The act of receiving or approving something, often used in the context of agreements or contracts.

Differential Cost

The difference in cost between two alternative decisions or scenarios, impacting the selection of one option over another.

Differential Cost

is the change in a company's cost of producing goods or services under two different action alternatives, essentially the cost difference between two choices.

Unused Capacity

The available but not utilized production ability of a company which could potentially generate revenue if employed.