Use the Double-Declining-Balance Method of Depreciation

question 10

Multiple Choice

Use the double-declining-balance method of depreciation. Round to the nearest dollar.
-New Town Deli buys refrigerated counters for $34,000 and estimates the life at 5 years with a scrap
Value of $3,400. What is the amount of depreciation for the third year?

• A)$3,400
• B)$6,120
• C)$4,896
• D)$4,406

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Definitions:

Mutual Trust

A reciprocal believe between parties that each will act in the interest of the other, essential for effective teamwork and cooperation.

Directive Leadership

Is a leadership style characterized by providing clear instructions, setting defined goals, and closely supervising tasks, often applied in situations requiring tight control or when tasks are unstructured.

Supportive Leadership

A leadership approach that involves showing concern for employees' well-being, needs, and personal development to enhance their performance and satisfaction.

Participative Leadership

Participative leadership is a management style where leaders involve team members in the decision-making process, enhancing collaboration and commitment.