On January 1,20A,Straight,Inc

question 63

Multiple Choice

On January 1,20A,Straight,Inc.,purchased a machine with a cash price of $9,500.Straight also paid $500 for transportation and installation.The expected useful life of the machine is 5 years and the residual value is $500.Assuming straight-line depreciation,the annual depreciation expense would be which of the following?

• A)$1,800
• B)$1,900
• C)$2,000
• D)$2,100

---

Definitions:

Navigation Bar

A user interface element within applications or websites used to navigate between pages or sections.

Navigation Pane

The part of the user interface in many applications that allows users to move around different sections or functionalities, often displayed as a sidebar.

Home Tab

The primary tab or starting screen in many software applications, containing a collection of commonly used commands and tools.

Date/Time

A data type in databases and programming that stores dates and times as serial date numbers for chronological data management.