Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions:
Western Farms purchased some equipment on January 1, 2011 for $12,600.The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200.The company uses double-declining-balance amortization.
-The net book value on January 1, 2012 would be:

• A)$10,080
• B)$10,320
• C)$11,340
• D)$11,460

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Definitions:

Skill

The ability acquired through practice, training, or experience to do something well.

Flexibility

The quality of being able to bend easily without breaking, often referring to the body's ability to move through its complete range of motion without injury.

Employee

An individual who is hired to provide services to a company on a regular basis in exchange for compensation and who does not provide these services as part of an independent business.

Brain Functioning

The processes and activities by which the brain interprets, stores, and responds to information received from the environment.