Multiple Choice
On April 1, 2019, Albert, Inc. acquired a new machine for $160,000. Its estimated useful life is eight years with an expected salvage value of $16,000.
Assuming straight-line depreciation, 2019 depreciation expense is:
A) $18,000
B) $13,500
C) $15,000
D) $20,000
Correct Answer:
Verified
Correct Answer:
Verified
Q6: On January 1, 2016, Chipmunk Company purchased
Q7: Joy Machinery acquired a new machine on
Q8: Kaitlin Block Publishing, a textbook publishing firm,
Q9: On January 1, 2019, Presto, Inc. purchased
Q10: Tidy Corporation purchased a depreciable asset for
Q12: On April 30, 2019, Penny Products purchased
Q13: On July 1, 2018, Nanette Company purchased
Q14: On January 1, 2019, Chelsea Company purchased
Q15: Several years ago, Beglen, Inc. purchased a
Q16: Helmut, Inc. purchased a truck on July