Clear Window Cleaners

question 39

Multiple Choice

Clear Window Cleaners
Clear Window Cleaners purchased new cleaning equipment at the beginning of 2011. The equipment has a cost of $53,000, an estimated life of 5 years, and an estimated residual value of $3,000. A full year's depreciation expense is to be recorded in 2011. The equipment was used 20,000 hours during 2011 and 24,000 hours during 2012. The number of expected hours over five years is 125,000.
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Refer to the information provided for Clear Window Cleaners. What is the amount by which double-declining-balance depreciation exceeds straight-line depreciation in the first year of the equipment?

• A) $11,200
• B) $13,200
• C) $21,200
• D) $12,720

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Definitions:

Urban Slaves

Refers to enslaved people who lived and worked in urban settings, often in roles different from their counterparts on plantations, such as artisans or domestic workers.

Civil War

Refers to the American Civil War, fought from 1861 to 1865, primarily over the issues of slavery and states' rights, resulting in the preservation of the Union.

Autonomy

The right or condition of self-government, or the capacity of an individual to make an informed, uncoerced decision.

Free Blacks

African Americans who were not enslaved and lived freely, especially prevalent in the United States before the Civil War.