On January 1 . 2012 . Costas Co purchased a new machine for $1,250,000 . The new machine has an estimated useful life of five years and the salvage value was estimated to be $250,000 . Costas uses the sum-of-the-years'-digits method of depreciation. The amount of depreciation expense for 2014 is
a. $200,000.
b. $250,000.
c. $300,000
d. $416,667
A
You might also like to view...
The primary advantage of establishing cost pools is reducing the number of individual cost allocations that are made.
Answer the following statement true (T) or false (F)
Building bridges of understanding between mainstream America and the American Muslim population stands as a major community relations challenge
Indicate whether the statement is true or false
In Year 7, Nortel Manufacturing issued $100,000 semi-annual 12% bonds at par. Interest is payable on July 1 and January 1 . What entry is necessary at December 31, Year 9?
a. Interest Expense 6,000 Cash 6,000 b. Interest Expense 6,000 Bonds Payable 6,000 c. Interest Expense 6,000 Interest Payable 6,000 d. Interest Expense 12,000 Interest Payable 12,000 e. Cash 6,000 Interest Payable 6,000
Most professional writers use contractions
a. true b. false