Bricker Enterprises Purchased a Machine for $100,000 on October 1

question 80

Multiple Choice

Bricker Enterprises purchased a machine for $100,000 on October 1, 2012. The estimated service life is ten years with a $10,000 residual value. Bricker records partial-year depreciation based on the number of months in service. Depreciation expense for 2012, using straight-line, is:

• A) $1,500.
• B) $7,500.
• C) $2,250.
• D) $2,500.

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Definitions:

Sales Promotion

Sales promotion consists of short-term incentives to encourage the purchase or sale of a product or service.

Long Term

Referring to an extended period of time, often focusing on strategic planning, investments, or goals that will take several years to achieve.

Customer Interest

The preferences, needs, and desires of consumers that influence their purchasing decisions.

Marketing Channels

The pathways through which goods and services flow from producer to the end consumer.