Trainer Ltd Is Trying to Decide Whether to Change from the Reducing

question 12

Multiple Choice

Trainer Ltd is trying to decide whether to change from the reducing balance method of depreciation to the straight-line method for both accounting and tax purposes. Using the reducing balance method at the rate allowable for taxation purposes, the expense would be $1 020 000. If it changed to the straight-line method, depreciation expense would be $680 000. If the straight-line method were used instead of the reducing balance method, what would be the effect on depreciation expense?

• A) $122 400 reduction
• B) $217 600 reduction
• C) $340 000 reduction
• D) $217 600 increase

Identify the primary sources of energy for the human body.

Recognize anatomical terms describing body positions, directions, and planes.

Comprehend the basic structure and functions of a cell.

Describe the process and significance of osmosis and diffusion.

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Definitions:

Use Of Assets

This involves the effective and efficient employment of a company's resources to maximize profitability and productivity.

Profit Margin

A financial performance metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in generating profits.

Operating Income

The profit realized from a business's core operations, calculated by subtracting operating expenses from gross profit.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after deducting expenses.