Chuck Daniels Auto Acquired a Hydraulic Lift on August 1,2016

question 151

Multiple Choice

Chuck Daniels Auto acquired a hydraulic lift on August 1,2016.The lift cost $165,000,had an estimated useful life of 10 years and a residual value of $16,500 at the end of its useful life.What amount of depreciation expense would be recognized under the double-declining-balance method for the year ending December 31,2016?

• A) $13,750
• B) $16,500
• C) $33,000
• D) $19,250

---

Definitions:

Animals

Living organisms typically able to move voluntarily, reproduce sexually, consume organic material, breathe oxygen, and grow from a hollow sphere of cells (the blastula) in embryonic development.

Research Subjects

Individuals or entities that participate in a scientific investigation to generate data or insights.

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia that exhibit voluntary motion, responsiveness to environment, and often complex behaviors.

Corporate Media

Media outlets that are owned, controlled, or influenced by large corporations, often criticized for promoting corporate interests.