Use the Following Information for Questions

question 114

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 balance in the Accumulated Depreciation account at the end of 2015?

• A)$22,400
• B)$19,200
• C)$12,600
• D)$10,800

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Definitions:

Meso Epoxide

A type of epoxide with a meso compound characteristic, making it optically inactive due to a plane of symmetry despite having chiral centers.

Meso Diol

A type of diol (a compound with two hydroxyl groups) that has chirality centers but is still optically inactive due to internal symmetry.

Cold KMnO

Potassium permanganate used in cold conditions, often in solution, for mild oxidizing reactions.

mCPBA

Meta-chloroperoxybenzoic acid, a reagent used in organic chemistry for the oxidation of alkenes to epoxides and the oxidation of ketones to esters.