On January 1, a Machine with a Useful Life of Five

question 289

Multiple Choice

On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?

• A) $28,800.
• B) $48,000.
• C) $38,400.
• D) $23,040.

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Definitions:

Conditional Expression

A conditional expression, often using the ternary operator ?:, evaluates to one of two values depending on the truth value of a specified condition.

Ternary Operator

The ternary operator in programming is a conditional operator that simplifies the if-else statement into a single line of code, typically used in the format condition ? expression1 : expression2.

Unconditional Transfer

In computer science, refers to instructions or statements that cause the program to continue execution from a different address or line without any condition.

Goto Statement

A programming instruction that causes the execution flow to jump to another point in the code, often considered harmful due to its potential for creating unmaintainable code.