Tran Inc Purchased Equipment for $48,000, and Estimated That the Equipment

question 17

Multiple Choice

Tran Inc. purchased equipment for $48,000, and estimated that the equipment will have a $4,000 residual value at the end of its 8-year useful life. Using the double diminishing-balance method, the depreciation expense for the third year would be

• A) $9,000.
• B) $6,750.
• C) $6,188.
• D) $5,500.

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Definitions:

Thinking

The process of considering or reasoning about something, often relevant in the context of planning, problem-solving, and decision-making in project management.

DISC Acronym

DISC stands for Dominance, Influence, Steadiness, and Conscientiousness, which are the four personality traits it assesses.

Dominance

Refers to the influence or control one party has over another, often seen in market positions or hierarchical relationships.

Assertiveness

The quality of being self-assured and confident without being aggressive, in the context of communicating one's rights, desires, or opinions.