Use the Following Information for Questions

question 113

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 balance in the Accumulated Depreciation account at the end of 2018?

• A) $22,400
• B) $19,200
• C) $12,600
• D) $10,800

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Definitions:

Evolutionary Psychologists

Scientists who study the psychological adaptations of humans to the changing physical and social environment, especially those that are shaped by natural selection.

Low Maintenance

Describing something or someone that requires minimal care, effort, or attention to maintain.

Purely Additive

A condition or situation where the combined effect of separate factors is exactly the sum of their effects when taken individually, without any interaction.

Weighted Additive

A mathematical technique used to combine multiple variables, each assigned a different level of importance (weight), into a single composite score.