Barnes Company Purchased a Machine on April 4,2011,for $210,000

question 126

Multiple Choice

Barnes Company purchased a machine on April 4,2011,for $210,000.The machine had an estimated useful life of five years and a salvage value of $30,000.The machine is being depreciated using the double declining balance method.Barnes depreciates its assets from the first day of the month nearest the date of purchase.The asset balance,net of accumulated depreciation,at December 31,2012,should be:

• A)$75,600
• B)$88,200
• C)$94,800
• D)$105,600

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Definitions:

Epicardium

The outermost layer of the heart's wall, part of the heart's protective covering and involved in the production of pericardial fluid.

Myocardium

The myocardium is the muscular tissue of the heart, responsible for contracting and pumping blood throughout the body.

Endocardium

The innermost lining of the heart's chambers and valves, composed of a layer of endothelial cells that provides a smooth surface for blood flow within the heart.

Cardiac Arrest

A sudden loss of heart function, breathing, and consciousness, typically resulting from an electrical disturbance in the heart.