JoyCo Acquired Equipment on April 1,2022,at a Cost of $90,000

question 14

Multiple Choice

JoyCo acquired equipment on April 1,2022,at a cost of $90,000 and with an estimated useful life of 10 years.The machine has a residual value of $10,000.JoyCo uses the double-declining-balance method of depreciation.How much depreciation should be recorded by JoyCo for the year ended December 31,2022?

• A)$8,000
• B)$9,000
• C)$10,000
• D)$13,500
• E)$12,000

---

Definitions:

Blood Volume

The total amount of blood circulating within the body, vital for optimal health and functioning of the organs.

Temperature Control

The biological and mechanical process by which an organism or system maintains its internal temperature within a certain range despite external fluctuations.

Aldosterone Secretion

The release of aldosterone, a hormone produced by the adrenal gland that regulates sodium and potassium levels in the body.

ADH

Antidiuretic hormone, a hormone that helps to control the balance of water in the body by affecting the amount of urine the kidneys produce.