Multiple Choice
On September 30, 2018, Bricker Enterprises purchased a machine for $200,000. The estimated service life is 10 years with a $20,000 residual value. Bricker records partial-year depreciation based on the number of months in service.
-Depreciation (to the nearest dollar) for 2018, using sum-of-the-years' digits method, would be:
A) $9,091.
B) $24,545.
C) $27,273.
D) $8,182.
Correct Answer:

Verified
Correct Answer:
Verified
Q154: Ryan Company purchased a building on January
Q155: An asset was acquired on October 1,
Q156: According to International Financial Reporting Standards (IFRS),
Q157: On March 30, 2018, Calvin Exploration purchased
Q158: MACRS (modified accelerated cost recovery system) depreciation
Q160: The cost of natural resources is expensed
Q161: In its 2018 annual report to shareholders,
Q162: Meca Concrete purchased a mixer on January
Q163: The amount of impairment loss is the
Q164: Gulf Consulting Co. reported the following on