One Difference Between the Double-Declining-Balance Method and the Straight-Line Method

question 136

Multiple Choice

One difference between the double-declining-balance method and the straight-line method is that the double-declining-balance method:

• A)takes book value below residual value.
• B)does not consider the useful life of the asset in the calculation of depreciation.
• C)cannot be used for tax purposes.
• D)uses book value instead of depreciable cost in the calculation of depreciation.

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Definitions:

Spanish Empire

The Spanish Empire was one of the largest empires in world history and was among the first global empires, extending across the Americas, parts of Europe, Africa, and Asia from the late 15th to the early 19th century.

Ancient Roman Empire

A vast empire that existed from 27 B.C. to A.D. 476 in the Mediterranean region, known for its military power, architectural innovations, and contribution to law.

Permanent Settlement

A long-term or indefinite living arrangement in a specific location, often implying the establishment of communities or civilizations.

Hispaniola

An island in the Caribbean, which is currently shared by two sovereign nations: the Dominican Republic and Haiti.