Use the Following Information for Questions

question 21

Multiple Choice

Use the following information for questions.
On January 1, 2017, 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 2017?

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

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Definitions:

Customer Satisfaction

The measure of how products or services provided by a company meet or surpass customer expectations, often a critical indicator of consumer loyalty and product/service quality.

Improving Service Quality

The process of making enhancements to the aspects of service that customers find valuable and important.

Stakeholder Group

A collection of individuals or organizations that have an interest or concern in the decisions and activities of a business.

Primary

Refers to being first in order of importance or the initial stage of a process or activity.