Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $160,000. The asset is expected to have a salvage value of $16,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
A. $34,560
B. $46,980
C. $144,000
D. $86,400
E. $31,320
Answer: D
You might also like to view...
Unrealized Loss (Gain) on Short-Term Investments is a contra-asset account that will appear on the balance sheet
Indicate whether the statement is true or false
The four Ps of marketing make up a/an ______.
A. infographic B. marketing mix C. marketing niche D. demographic study
Stock not assigned a value per share by the corporate charter, allowing it to be issued at any price, is called ________.
What will be an ideal response?
While applying for a job, you have conducted an analysis of yourself, career, and job; identified a job; prepared a targeted résumé and application message; and have supplemented your résumé with a video recording. Which of the following should you do next to complete the process of applying for a job??
A) ?Register with a career services center. B) ?Interview with companies. C) ?Upload your résumé on a job website. D) ?Rehearse answers for standard interview questions.