If an Asset Costs $41,000,has a Residual Value of $3,000,and

question 110

Multiple Choice

If an asset costs $41,000,has a residual value of $3,000,and has a useful life of five years,the entry to record depreciation in the second year,using the double-declining-balance method,is

• A)debit to Depreciation Expense,9,430;credit to Cash,9,430.
• B)debit to Depreciation Expense,9,840;credit to Accumulated Depreciation,9,840
• C)debit to Depreciation Expense,10,250;credit to Accumulated Depreciation,10,250
• D)debit to Accumulated Depreciation,10,660;credit to Depreciation Expense,10,660

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Definitions:

Sadness

An emotional state characterized by feelings of disappointment, loss, or despair.

Tears

A saline fluid produced by the lacrimal glands, serving both emotional and lubricative functions for the eyes.

Secondary Emotion

Emotions that develop with more cognitive processing and social learning, such as guilt or shame, as opposed to primary emotions like happiness or fear.

Remorseful

Feeling deep regret or guilt for a wrongdoing, similar to being penitent or contrite.