A Company Purchased a Weaving Machine for $190,000

question 52

Multiple Choice

A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a salvage value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the first year?

• A)$38,000.
• B)$31,666.
• C)$22,500.
• D)$23,750.
• E)$36,000.

---

Definitions:

Charts

Visual representations of data, designed to make complex information easily understandable at a glance.

Vocabulary Words

A list or collection of words and their meanings, typically used for language learning or enhancement.

Context

The circumstances or setting surrounding an event, statement, or idea which give it meaning.

Restrictive Labels

Descriptive terms or classifications that limit people's perceptions of themselves or others, often negatively impacting personal growth or societal inclusion.