Schager Company Purchased a Computer System on January 1, 2014

question 116

Multiple Choice

Schager Company purchased a computer system on January 1, 2014, at a cash cost of $25,000. The estimated useful life is 10 years, and the estimated residual value is $3,000. The company will use the double declining-balance depreciation method. What is the accumulated depreciation balance as of December 31, 2015?

• A) $9,000.
• B) $4,000.
• C)$7,920.
• D)$8,520.

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Definitions:

Free Radical Chlorinations

A reaction involving the substitution of hydrogen by chlorine in a hydrocarbon through the action of free radicals.

Hammond Postulate

A principle in organic chemistry that proposes the structure of a transition state is more similar to the structure of the reactants or products to which it is more similar in energy.

Free Radical Bromination

A chemical reaction process whereby bromine radicals (Br.) selectively react with C-H bonds in hydrocarbons to form brominated products.

Methane

The simplest alkane, a colorless, odorless gas (CH4), that is the main component of natural gas and a potent greenhouse gas.