Multiple Choice
What would be the depreciation expense in year 1,using units-of-production,for a molding machine that cost $18,000,had a useful life of 3 years,no residual value,and an estimated total machine hours of 36,000? Production in year 1 was 10,000 hours.
A) $2,667
B) $4,000
C) $6,000
D) $5,000
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The entry to record the disposal of
Q31: When equipment that is fully depreciated is
Q32: A company purchases a patent for $50,000.The
Q33: R.J.Berkshire incurred the following expenditures to
Q34: For each of the following, identify
Q36: A gain on the sale of a
Q38: Lacy purchased equipment for $77,000 on January
Q39: For each of the following, identify
Q40: The amount to include in the entry
Q130: Expenditures for changing oil in a machine