1. On July 1, 20X1, Georgia Inc., which uses UOP depreciation, purchasesa machine for $16,000; the company estimates that the machinewill havea useful life of 15,000 machine hours and a salvage value of $1,000. You are given the following usage data:
2. 20X13,000 hours
3. 20X22,200 hours
4. 20X36,170 hours
5. 20X45,300 hours
6. Depreciation expense on the machine for 20X1 is:
7. $16,000
8. $1,600
9. $3,200
10. $3,000
11. $1,500

2 points

QUESTION 2

1. On July 11, 20X1, your firm purchases a machine for $125,000 with an estimated useful life of 8 years and a salvage value of $5,000. Your firm uses SYD depreciation and depreciates assets purchased between the 1^stand 15^thof the month for the entire month; assets purchased after the 15^thof the month are treatedas though they were acquired the following month. What is 20X1 depreciation expense?
2. $13,333
3. $13,889
4. $27,778
5. $26,667

2 points

QUESTION 3

1. Your firm uses 150% declining balance depreciation. Assets purchased between the 1^stand 15^thof the monthare depreciated for the entire month; assets purchased after the 15^thof the month are treatedas though they were acquired the following month. On March 12, 20X1, your company purchases a machine for $200,000 that it estimates will last 10 years and have a salvage value of $60,000. What is 20X1 depreciation expense?
2. $30,000
3. $21,000
4. $25,000
5. $17,500

2 points

QUESTION 4

1. On January 1, 20X1, your company purchases for $450,000 a machine with an estimated useful life of 7 years and a salvage value of $40,000. Using SYD depreciation, what is 20X4 depreciation expense?
2. $64,286
3. $87,857
4. $58,571
5. $73,214