Use the Following Information for Questions Below

question 25

Multiple Choice

Use the following information for questions below
Maryam Co.purchased a machine on January 1,2020 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance depreciation.
-If Maryam Co.used the straight-line method of depreciation,what would the carrying value of the machine be at the end of 2020?

• A)$20,500
• B)$20,250
• C)$18,250
• D)$18,000

---

Definitions:

Psychopath

A mental disorder marked by a lack of empathy, manipulative behavior, and often antisocial tendencies.

Personality Disorders

A group of mental disorders characterized by enduring patterns of behavior, cognition, and inner experience that deviate markedly from the expectations of the individual's culture.

Delusion

A false belief held with strong conviction despite superior evidence to the contrary, often occurring in psychological disorders.

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.