Use the Following Information for Questions

question 113

Multiple Choice

Use the following information for questions
On January 1, 2011, 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 2012?

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

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Definitions:

Daily Values

Recommended nutrient intakes on food labels, based on public health experts' advice, to help consumers make informed food choices.

Daily Caloric Intake

The total number of calories consumed through food and drink over the course of a day, important for maintaining, losing, or gaining weight.

Calories

Units of energy used to measure the energy food provides to the body, as well as the energy the body uses in physical activities.

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed, including the bran, germ, and endosperm.