3.4 X 8.7 = ____

question 4

Multiple Choice

3.4 x 8.7 = ____.

• A) 2.743
• B) 2.958
• C) 27.43
• D) 29.58

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Definitions:

Double Declining-balance

A method of accelerated depreciation that doubles the straight-line depreciation rate.

Depreciation Expense

This refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during a fiscal period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since it was put into service.

Straight-line Method

An accounting method for calculating depreciation by evenly distributing the cost of an asset over its useful life.