Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the double-declining-balance method. Multiple Choice $66,000. $25,800. $24,000. $54,000. $48,000.

$24,000

Explanation:

Calculation to determine the machines' first year depreciation under the double-declining-balance method.

Using this formula

Depreciation Expense = (Cost - Salvage Value)/Estimated Useful Life

Let plug in the formula

Depreciation Expense = ($135,000 - $15,000)/5

Depreciation Expense=$120,000/5

Depreciation Expense= $24,000

Therefore the machines' first year depreciation under the double-declining-balance method is $24,000

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.