* 205 a Company Purchased Factory Equipment for $350,000

question 118

Multiple Choice

* 205. A company purchased factory equipment for $350,000. It is estimated that the equipment will have a $35,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be

• A) $140,000.
• B) $84,000.
• C) $126,000.
• D) $75,600.

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Definitions:

Foraging Strategy

The behavioral patterns and techniques employed by animals, including humans, to find and gather food.

Allele Frequency

The relative frequency of an allele (variant of a gene) at a particular gene locus in a population, indicating genetic diversity.

Genetic Drift

A mechanism of evolution that involves random changes in the gene frequencies of a population over time.

Population Size

The total number of individuals within a species that occupy a particular geographic area.