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Question - A factory machine was purchased for $375,000 on January 1, 2018. 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 2018. If the company uses the units-of-activity method of depreciation, find the amount of depreciation expense for 2018?
a. $37,500.
b. $60,000.
c. $75,000.
d. $30,000.
The primary disadvantage of accrual accounting is that A. it does not match revenues and expenses in the period in which they are incurred B. it does not appropriately measure accounting profit
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