The Method of Depreciation Was Changed from the Double-Declining-Balance Method

question 85

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2019.A machine was purchased on January 1,2017,at a cost of $150,000.The machine has an estimated useful life of 10 years and a residual value of $9,000.What adjustment is needed for fiscal 2018?

• A)$9,900
• B)$10,000
• C)$20,000
• D)$30,000

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Definitions:

Truth Values

Values indicating the relation of a statement to truth, typically "true" or "false."

Atomic Sentences

Simple sentences that contain no logical connectors and cannot be broken down into smaller components.

Truth Values

The valuation in logic that indicates the truthfulness of a statement, typically identified as 'true' or 'false'.

Truth Table

A mathematical table used in logic to determine the truth values of a logical expression based on all possible combinations of its variables.