A Company Is Depreciating a $1,000,000 Building Using a Straight-Line

question 21

Multiple Choice

A company is depreciating a $1,000,000 building using a straight-line rate of 5%.The building has an estimated residual value of $200,000.What would the amount of depreciation be in the first year using the straight-line method and the double-declining-balance method?
  Straight-line     Double-declining-balance

• A)$40,000         $80,000
• B)$40,000         $100,000
• C)$50,000         $80,000
• D)$50,000         $100,000

---

Definitions:

Sympathetic Nervous System

The branch of the autonomic nervous system that is most active during processes that spend body energy from stored reserves, such as in a fight-or-flight reaction to a predator or when you are anxious about a big test.

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in the body's fight-or-flight response.

Parasympathetic Nervous System

The branch of the autonomic nervous system that is most active during processes that restore reserves of energy to the body, such as relaxing and eating.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, serving as the primary processing center for the entire nervous system.