Business Accounting - Chapter 8 PPE Part 1

What is the cost of Machine X?

• $32,800

• $32,000

• $33,000

• Others

What is the depreciation expense for 2020?

• $6,560

• $3,826

• $3,280

• $2,733

What is the depreciation expense for 2021?

• $6,560

• $5,904

• $3,280

• Others

What is the depreciation expense for 2022?

• $6,560

• $4,723

• $5,379

• $3,936

What is total accumulated depreciation?

• $6,560

• $3,936

• $13,120

• Others

What is the loss on disposal?

• $13,000

• $4,680

• $40,000

• Others

Question 2: What is the depreciation expense in 2020?

• $8,000

• $6,000

• $8,833

• Others

What is the depreciation expense in 2021?

• $8,000

• $8,333

• $6,000

• Others

What is the depreciation expense in 2022?

• $8,000

• $2,000

• $6,000

• Others

What is the accumulated depreciation before Equipment Z is sold?

• $6,000

• $16,000

• $8,000

• Others