Chuck Daniels Auto acquired a hydraulic lift on August 1, 2018. The lift cost $165,000, had an estimated useful life of 10 years and a residual value of $16,500 at the end of its useful life. What amount of depreciation expense would be recognized under the double-declining-balance method for the year ending December 31, 2018?
A. $16,500
B. $33,000
C. $19,250
D. $13,750
Answer: D
You might also like to view...
If the working-age population in a country is 215 million, the labor force is 145 million, and the number of employed people is 137 million, then the labor-force participation rate in the country is
A. 2.5 percent. B. 67.4 percent. C. 45.3 percent. D. 94.5 percent.
Which of the following will not improve readability of a message on a mobile device?
A) Linear organization B) Only including priority information C) More detailed levels of information D) Shorter subject lines E) Shorter paragraphs
Which of the following is a true statement regarding « toolkits » and OD?
a. Seeking tools without knowledge about the OD process is likely to prevent OD success. b. OD toolkits can provide quick fixes to organizational problems. c. Practitioners can easily provide clients with what they want and need. d. Problems requiring OD often involve instrumented training or standard models.
Migration of working-age people has traditionally contributed to __________ such imbalances in labor demand and supply, and is still a solution for many in developing countries.
a. Exacerbating b. Resolving c. Questioning d. Perpetuating