14. A plant asset cost $288,000 and is estimated to have a $36,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be

a. $24,120.

b. $40,500.

c. $35,436.

d. $27,570.

15. A factory machine was purchased for $375,000 on January 1, 2014. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2014. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2014 would be

a. $37,500.

b. $60,000.

c. $75,000.

d. $30,000.

16. A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. The entry to record this event would include a

a. gain of $6,000.

b. loss of $6,000.

c. credit to the Equipment account for $12,000.

d. credit to Accumulated Depreciation for $60,000.

17. The following totals for the month of April were taken from the payroll register of Asplend Company.

Salaries and wages $72,000

FICA taxes withheld 5,508

Income taxes withheld 15,000

Medical insurance deductions 2,700

Federal unemployment taxes 192

State unemployment taxes 1,296

The entry to record the payment of net payroll would include a

a. debit to Salaries and Wages Payable for $47,304.

b. debit to Salaries and Wages Payable for $48,792.

c. debit to Salaries and Wages Payable for $43,284.

d. credit to Cash for $54,300.