A truck is purchased for $35,000 . It has a five-year life and a $5,000 residual value. Under the double-declining-balance method, what is the accumulated depreciation after two years?
a. $19,200
b. $21,200
c. $22,400
d. $25,600
C
You might also like to view...
Many firms operate at a dividend payout ratio of less than 50%. Why don't firms pay a larger percentage of income as dividends?
Systematic error describes measurement error that arises from arbitrary changes that have a different effect each time the measurement is made
Indicate whether the statement is true or false
Decision paralysis occurs when leaders fail to execute a crisis communications plan in a swift manner, such as during the shootings at Virginia Tech
Indicate whether the statement is true or false
Which of the following statements is true about quantitative methods?
a. They are appropriate for demand forecasting if there are causal relationships between explanatory variables. b. They cannot be used for short or medium-to-intermediate timeframes. c. They are used if measurable, historical data are not available. d. They are inappropriate for demand forecasting if there are causal relationships between explanatory variables.