Calculate the Variance for the Below Chart

question 33

Multiple Choice

Calculate the variance for the below chart:

• A) $185
• B) $170
• C) ($170)
• D) ($185)

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Definitions:

Double-Declining-Balance Depreciation

A method of accelerated depreciation that applies twice the normal depreciation rate on the declining balance of an asset.

Straight-Line Depreciation

A technique for spreading the expense of a physical asset evenly across its lifespan.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life.

Journal Entry

A journal entry in accounting is a record of a financial transaction, entering it into the accounting records of a business.