Use the Double-Declining-Balance Method of Depreciation

question 71

Multiple Choice

Use the double-declining-balance method of depreciation. Round to the nearest dollar.
-Metal Fabricators buys a milling machine for $3,500 and estimates its useful life at 4 years and its
Salvage value at $350. What is the amount of depreciation each year?

• A)$1,750, $875, $438, $88
• B)$1,575, $788, $788, $438
• C)$788, $788, $788, $788
• D)$875, $875, $875, $875

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Definitions:

Hypothalamus

An area located beneath the thalamus in the brain responsible for managing the autonomic nervous system and pituitary gland functions, overseeing the regulation of body temperature, hunger, thirst, and various other systems that maintain equilibrium in the body.

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate various bodily functions.

Pituitary Gland

The endocrine system’s most influential gland. Under the influence of the hypothalamus, the pituitary regulates growth and controls other endocrine glands.

Oxytocin

A hormone and neurotransmitter that plays a significant role in childbirth, lactation, and social bonding behaviors.