Z Company purchased an asset for $24,000 on January 1, Year 1. The asset was expected to have a four-year life and a $4,000 salvage value. What is the amount of depreciation expense for Year 1 using the double-declining-balance method?
A. $6,000
B. $2,000
C. $12,000
D. $3,000
Answer: C
Business
You might also like to view...
An excellent way to avoid difficult employee’s outbursts in the future is to ______.
A. bond with that employee B. try to change their personality C. ask others in the office to not annoy that employee D. ask questions and think critically about the answers
Business
A bank makes credit entries into a depositor's account for all of the following except ________
a. proceeds for a loan made to the company by the bank b. service charges c. deposits made by electronic funds transfer d. correction of bank errors
Business
Identify the verb in the sentence. My nephew placed first in the Boston Marathon
Business
A ____ sentence contains two complete but related thoughts
A) simple B) compound C) complex D) compound-complex
Business