Skylar Is Studying for Her Midterm Exam in Her Accounting

question 5

Multiple Choice

Skylar is studying for her midterm exam in her accounting class. Her study partner Lisa is her go-to person for help with calculating depreciation.
-Which of the following functions does Lisa say is used to calculate a double-declining balance depreciation?

• A)DDB
• B)SLN
• C)SYD
• D)VBD

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Definitions:

Annual General Meeting

A meeting where shareholders elect directors and vote on other important resolutions.

Nature

The phenomena of the physical world collectively, including plants, animals, landscapes, and other features and products of the earth, as opposed to humans or human creations.

Directors

Directors are individuals elected by the shareholders of a company to govern and make decisions on behalf of the corporation, overseeing its overall strategy and management.

Creditors

Individuals or institutions to whom money is owed.