Business Equipment Is Often Depreciated Using the Double Declining-Balance Method

question 44

Multiple Choice

Business equipment is often depreciated using the double declining-balance method. In this method, a piece of equipment with a life expectancy of N years, costing C dollars, will depreciate to a value of V dollars in n years, where n is given by the formula: A computer that cost $14,000 has a life expectancy of 5 years. If it has depreciated to a value of $1,600, how old is it? Round the answer to the nearest tenth of the year.

• A) 4.2 years old
• B) 6.1 years old
• C) 2.5 years old
• D) 5.3 years old
• E) 4.7 years old

Understand the concept of identity and its formation during adolescence.

Recognize Erikson's stages of psychosocial development, especially role confusion and identity formation.

Identify factors influencing moral development and perspectives of moral reasoning.

Describe the impact of peer relationships and social influences on adolescent behavior and self-concept.

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Definitions:

Geriatric Depression

A form of depression that occurs in late adulthood, characterized by feelings of sadness, fatigue, loss of interest in activities, and other symptoms that can affect older adults' quality of life.

Physical Decline

A gradual decrease in the strength and function of a person's body as they age.

Life Reviews

The process of reflectively looking back on one's life experiences, often leading to a greater understanding in later years.

Comedy

A genre of storytelling that aims to evoke laughter and entertain through humor.