Use the Following Information for the Next Questions 104 and 105

question 193

Multiple Choice

Use the following information for the next questions 104 and 105.
A corporation using the double-declining-balance method of depreciation purchased a new machine on January 1, 2016.The machine cost $200,000, had an estimated useful life of 8 years and $25,000 residual value at the end of its useful life.
-A machine is purchased on January 1,2016,for $90,000.It is expected to have a useful life of five years and a residual value of $5,000.The company closes its books on December 31.Under the double-declining balance method,what is the total amount of depreciation to be expensed during the 2017?

• A) $21,600
• B) $22,000
• C) $22,400
• D) $34,000

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Definitions:

Quantifier

A logical operator that specifies the quantity of specimens in the domain of discourse that satisfy an open formula.

Categorical Proposition

A statement that asserts or denies something about every member of a particular category.

Copula

In grammar and logic, a word used to link the subject of a sentence to a subject complement, such as the word "is" in the sentence "The sky is blue."

Categorical Proposition

A statement asserting or denying something about all members of a class, typically structured in standard form with a subject, predicate, and a quantifier indicating universality or particularity.