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

question 42

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 1 depreciation would be:

• A) $20,000.
• B) $40,000.
• C) $18,250.
• D) $36,500.

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Definitions:

Motor Cortex

A region of the cerebral cortex involved in the planning, control, and execution of voluntary movements, located in the frontal lobe of the brain.

Hippocampus

A seahorse-shaped region of the brain involved in the formation of new memories and is associated with learning and emotions.

Corpus Callosum

The corpus callosum is a broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.

Hemisphere

Half of the earth, usually divided into northern and southern halves by the equator, or into western and eastern halves by an imaginary line passing through the poles.