A Machine Was Purchased on 3 January 2012 for $48

question 23

Multiple Choice

A machine was purchased on 3 January 2012 for $48 000,net of GST.The machine had an estimated residual value of $6000 and an estimated useful life of 5 years.Depreciation expense for the year ended 31 December 2012,using sum-of-the-years'-digits method,is:

• A)$8400
• B)$14 000
• C)$19 200
• D)$16 000

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Definitions:

Human Activities

Actions or endeavors undertaken by humans that affect the environment and society, including industry, agriculture, and urbanization.

Core

The central or most important part of something, often referring to the center of the Earth or the main part of an organization.

Existence Values

The value that people place on knowing that a particular natural environment, species, or cultural heritage exists, even if they will never experience it directly.

Instrumental Value

The value attributed to something for its usefulness in achieving a desired end or purpose, rather than for its inherent qualities.