Use the Following Information for Questions

question 68

Multiple Choice

Use the following information for questions
On January 1, 2014, Flowers Unlimited purchased a new delivery van.The van cost $35,000 with an estimated life of 5 years and $5,000 residual value.Double diminishing-balance depreciation will be used.
-What is the depreciation expense for calendar 2014?

• A)$ 3,000
• B)$ 6,000
• C)$12,000
• D)$14,000

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Definitions:

Derived From Plants

A phrase indicating that a substance is obtained or extracted from plant sources.

Cocaine

A potent stimulant drug derived from the coca plant, often abused for its euphoric effects but also used medically as a local anesthetic.

Amphetamines

A class of stimulant drugs that increase energy and alertness, often prescribed to treat ADHD and narcolepsy but also abused recreationally.

Injected Intravenously

The process of administering a substance directly into the bloodstream through a vein, often used for medications or nutritional supplements.