Use the Following Information for Questions

question 10

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 depreciation expense for calendar 2011?

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

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Definitions:

Chronological Age

The measure of an individual's age in years, months, and days, from their date of birth to the current date.

Mental Set

The tendency to respond to a new problem with an approach that was successfully used with similar problems.

Linguistic Determinism

The hypothesis that language determines the way we think and perceive the world around us.

Nativist Theory

The theory that certain skills or abilities are "native" or hard-wired into the brain at birth.