Decorama Corp

question 15

Multiple Choice

Decorama Corp.bought a delivery van for $65,000 with a estimated residual value of $6,000.The van is expected to be used for the next 10 years.The company estimates it will be used to drive a total of 225,000,000 km (30,000 km in the first year,25,000 in the second,third and fourth years and 20,000 in the next six years. What would be the amount of depreciation expense in year 2 using the double-declining-balance method of depreciation?

• A)$6,500.00
• B)$5,900.00
• C)$10,400.00
• D)$6,555.55

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Definitions:

Cultural Diversity

The presence of multiple cultural or ethnic groups within a society, organization, or community.

Workplace

The location or environment where people are employed and work is done, which can range from office buildings to remote or virtual spaces.

Information Overload

A state of being overwhelmed by the amount of information one receives, making it difficult to make decisions or understand issues.

Communication Technology

Tools and platforms that facilitate the exchange of information and communication, including digital and electronic means.