Avery Sales Purchased Telecom Equipment for $12,000 on October 1,2013

question 20

Multiple Choice

Avery Sales purchased telecom equipment for $12,000 on October 1,2013.It has estimated residual value of $1,800,and an estimated life of 8 years.If Avery uses double-declining-balance depreciation,how much expense will be recorded in 2013?

• A) $312
• B) $375
• C) $250
• D) $750

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Definitions:

Psychographics

Involves the study of consumer behaviors, lifestyles, interests, and attitudes to understand and segment markets more effectively.

Demographics

Statistical data relating to the population and particular groups within it, often used to identify consumer markets.

Behavior

The actions, reactions, or functioning of an organism, often in response to external stimuli, encompassing both observable activities and internal processes.

Geodemographics

The study of people based on where they live, integrating geography with demographic analysis for marketing and planning purposes.