The Cost of an Asset Is $1,090,000,and Its Residual Value

question 184

Multiple Choice

The cost of an asset is $1,090,000,and its residual value is $300,000.Estimated useful life of the asset is eight years.Calculate depreciation for the first year using the double-declining-balance method of depreciation.(Do not round any intermediate calculations,and round your final answer to the nearest dollar.)

• A) $197,500
• B) $272,500
• C) $136,250
• D) $98,750

---

Definitions:

Shade Avoidance

A growth response of plants to reduce shading by neighboring plants, often resulting in elongation of stems and leaves to reach light.

Far-red Light

A spectrum of light at wavelengths longer than that of red light, between 700 and 800nm, crucial for plant physiological processes.

PhyB

A type of phytochrome, which is a red and far-red light receptor found in plants that affects growth, development, and circadian rhythms.

Senescing Plants

Plants in the final stages of their lifecycle, undergoing a process of decline and deterioration.