An Asset Costs $80,000 and Has a Salvage Value of $7,000.It

question 76

Multiple Choice

An asset costs $80,000 and has a salvage value of $7,000.It has a four-year life.Using double-declining-balance depreciation,Year 2 depreciation would be:

• A) $15,000.00.
• B) $15,437.50.
• C) $20,000.00.
• D) $18,250.00.

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Definitions:

Delegatee

An individual or party to whom duties or authority are delegated by another, known as the delegator.

Delegator

A person or entity that assigns tasks, duties, or responsibilities to another, typically within an organizational or managerial context.

Obligee

The party to a contract or agreement who is entitled to receive a performance or obligation from another party.

Assignment

The act of passing on rights, assets, or responsibilities from one individual to another.