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

question 15

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2013. A machine was purchased on January 1, 2011 at a cost of $150,000. The machine has an estimated useful life of 10 years and a residual value of $9,000. What should have been booked as depreciation expense in fiscal 2012?

• A)$9,900
• B)$14,100
• C)$24,000
• D)$30,000

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Definitions:

Self-concept

An individual's understanding and evaluation of their own behaviors, abilities, and unique characteristics; essentially, one's mental and conceptual understanding of themselves.

Perceptions

The way in which something is regarded, understood, or interpreted, often influenced by an individual's experiences and biases.

Dual Nature

The concept that something has two fundamental components or aspects, often seen in discussions about light acting as both a particle and a wave.

Conscious Nature

The attribute or condition of being aware of the environment and one's own existence, sensations, and thoughts.