35. Marsh Corporation purchased a machine on July 1, 2012, for $750,000. The machine was estimated to have a useful life of 10 years with an estimated residual value of $42,000. During 2015, it became apparent that the machine would become uneconomical after December 31, 2019, and that the machine would have no scrap value. Accumulated depreciation on this machine as of December 31, 2014, was $177,000. What should be the charge for depreciation in 2015? A. $ 106,200 B. $ 114,600 C. $ 123,000 D. $ 143,250

36. A corporation reported the following information for the past year: - Net Income $200,000 - Depreciation expense 30,000 - Gain on sale of truck 5,000 - Proceeds from sale of truck 8,000 - Decrease in accounts receivable 10,000 Assuming these are the only facts, what amount will the corporation report as the Net Cash Provided by Operating Activities on the cash flow statement? A $225,000 B $235,000 C $245,000 D $253,000

37. Company X provides consulting services to Client Q in May. Company X bills Client Q in May for the agreed upon amount of $5,000. The sales invoice shows that the amount will be due in June. In June, Company X receives the $5,000. What is the effect on the accounting equation and which accounts are affected at Company X? A. total assets : increase B. total assets : no effect C. total equity : increase D. total liabilities : decrease

38. Use this information to answer. - Selling price per unit: $17 - Fixed expenses Selling and aministrative $130,000 Interest expenses 10,000 - Variable expenses Cost of goods sold $4 Selling and aministrative 3 What is the break-even point in units? A. 10,000 B. 14,000 C. 20,000 D. 24,000