Dorchester Company Purchased a New Van for Floral Deliveries on July

question 228

Multiple Choice

Dorchester Company purchased a new van for floral deliveries on July 1, 2014. The van cost $20,000 with an estimated life of 5 years and $5,000 residual value at the end of its useful life. The double diminishing-balance method of depreciation will be used.
-What is the depreciation expense for 2014?

• A) $4,000
• B) $3,000
• C) $6,000
• D) $8,000

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Definitions:

Major Depressive Disorder

A mental health condition marked by persistent feelings of sadness, loss of interest, and a lack of energy, affecting daily functioning.

Auditory Hallucinations

Experiencing hearing voices or sounds that have no physical source and are not heard by others, often associated with mental health conditions.

Adequate Physical Space

A spatial requirement that ensures a physical environment is sufficient for its intended use, considering safety, comfort, and functionality.

Dayroom

A common living area in a facility such as a hospital, psychiatric unit, or prison where residents can socialize and engage in activities.