A Machine Has a Cost of $15,000,an Estimated Residual Value

question 18

Multiple Choice

A machine has a cost of $15,000,an estimated residual value of $3,000,and an estimated useful life of four years.The machine is being depreciated on a straight-line basis.At the end of the second year,what amount will be reported for accumulated depreciation?

• A)$9,000.
• B)$6,000.
• C)$7,500.

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Definitions:

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A simulated environment created with computer technology that immerses the user in a digital world, offering interactive experiences as if they were in a real-world scenario.