If the Double-Declining Balance Method Were Used to Depreciate a Building

question 121

Multiple Choice

If the double-declining balance method were used to depreciate a building that has a 10-year useful life and a residual value equal to 10% of the building's original cost,what depreciation rate would be used?

• A)9%
• B)10%
• C)18%
• D)20%

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Definitions:

British Pounds

The British pound is the official currency of the United Kingdom, symbolized as GBP, and is one of the world's major currencies traded in foreign exchange markets.