On January 1, Year 1, Zach Company purchased equipment that cost $50,000. The equipment had a useful life of 5 years and a $10,000 salvage value. Zach Company used the double-declining-balance method to depreciate its assets. What is the accumulated depreciation at the end of Year 2?

A. $12,000
B. $20,000
C. $32,000
D. $10,000


Answer: C

Business

You might also like to view...

Use the information Table J.18 and sequence the jobs using the SPT rule. What is the average past due?

A) fewer than or equal to 29 hours B) greater than 29 hours but fewer than or equal to 31 hours C) greater than 31 hours but fewer than or equal to 33 hours D) greater than 33 hours

Business

What is a heijunka?

What will be an ideal response?

Business

Leaders who score low in conscientiousness tend to be more spontaneous, creative, and impulsive.

Answer the following statement true (T) or false (F)

Business

For a manufacturer, the cost of goods sold can be computed by adding the beginning finished goods inventory to ________ and then subtracting the ending finished goods inventory.

What will be an ideal response?

Business