Tidy Limited Purchased a New Van on January 1, 2016

question 192

Multiple Choice

Tidy Limited purchased a new van on January 1, 2016.The van cost $20,000.It has an estimated life of five years and the estimated residual value is $5,000.Tidy uses the double-declining-balance method to compute depreciation.
-Use the information above to answer the following question.What is the adjusted balance in the Accumulated Depreciation account at the end of 2017?

• A) $3,200
• B) $4,800
• C) $9,600
• D) $12,800

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Definitions:

Musculoskeletal System

The organ system that enables humans to move using the muscular and skeletal systems, including bones, muscles, cartilage, tendons, ligaments, and joints.

Body Mechanics

The application of physical principles to achieve maximum efficiency and to limit risk of physical stress or injury to the practitioner of physical therapy, massage therapy, or chiropractic or osteopathic manipulation.

Aging Population

A demographic trend characterized by an increase in the median age of a population, often due to declining birth rates and increased life expectancy.

Healthcare Services

Professional services rendered by healthcare providers or institutions aimed at preventing, diagnosing, treating, or managing illnesses and disease.