Schager Company Purchased a Computer System on January 1,2010,at a Cash

question 40

Multiple Choice

Schager Company purchased a computer system on January 1,2010,at a cash cost of $25,000.The estimated useful life is 10 years,and the estimated residual value is $3,000.The company will use the double declining-balance depreciation method.How much is the 2011 depreciation expense?

• A)$5,000
• B)$4,000
• C)$3,800
• D)$2,200

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Definitions:

Venn Diagram

A graphical representation that uses circles to showcase the similarities and differences between various sets.

Syllogism Validity

A measure of whether a deductive argument is logically structured such that, if its premises are true, its conclusion must also be true.

Enthymeme

A syllogism in which a premise is not explicitly stated, leaving it to be understood by the listener or reader.

Missing Premise

An implicit assumption or statement that is necessary for an argument's conclusion but is not explicitly stated.