Given the Following Information, Calculate the Accelerated Rate of Depreciation

question 18

Multiple Choice

Given the following information, calculate the accelerated rate of depreciation that can be applied to the unrecovered basis. Depreciable Basis: $100,000, Declining Balance Depreciation: 150%, Cost Recovery Period: 15 years.

• A) 3.63%
• B) 5.56%
• C) 6.67%
• D) 10.0%

---

Definitions:

Undue Influence

A state of affairs whereby a person is so influenced by another that the person’s judgment is not his or her own.

Repudiate

To refuse to accept or be associated with, particularly in the context of rejecting the validity of a contract.

Thirty Working Days

A time period consisting of six weeks of business days, excluding weekends and public holidays.

Breach of Contract

The failure to perform any term of a contract, agreement, or obligation without a legitimate legal excuse.