Martin Company purchases a machine at the beginning of the year at a cost of $70,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5800 salvage value. Depreciation expense in year 4 is:

A. $4375.
B. $35,000.
C. $5900.
D. $2950.
E. $16,175.


Answer: D

Business

You might also like to view...

The life expectancy of computer terminals is normally distributed with a mean of 4 years and a standard deviation of 10 months. a.What is the probability that a randomly selected terminal will last more than 6years?b.What percentage of terminals will last between 4and 6 years?c.What percentage of terminals will last less than 4 years?d.What percentage of terminals will last between 2.5 and 4.5 years?e.If the manufacturer guarantees the terminals for 3 years (and will replace them if they malfunction), what percentage of terminals will be replaced?

What will be an ideal response?

Business

The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the Emporium is shown in the top row of the table. The Emporium buys the snow globes from a distributor for $5 and sells them for $8

All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. What are the Snow Globe Emporium's purchases (in dollars) for March? Sales and Purchase Forecast The Snow Globe Emporium January February March April Sales Forecast (units) 2,000 3,000 3,800 4,700 Purchases from Suppliers ($) Payments to Suppliers A) $19,000 B) $22,800 C) $23,500 D) $24,000 E) $30,400

Business

Which of the following terms indicates a shipment contract?

A) F.A.S. seller's port B) C.I.F. C) C.& F. D) All of these are shipment contracts.

Business

The air space above a condominium: A) Is owned by the individual condominium owner

B) Is a common area. C) Is not a real property interest. D) None of the above

Business