Using the Sum-Of-The-Years'-Digits Method,depreciation for 2016 and Book Value at December

question 38

Multiple Choice

Using the sum-of-the-years'-digits method,depreciation for 2016 and book value at December 31,2016,would be:

• A)$22,000 and $44,000.
• B)$22,000 and $50,000.
• C)$24,000 and $48,000.
• D)$24,000 and $42,000.

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Definitions:

Kanga

A brightly colored garment consisting of a single piece of cloth, often with an inscribed message, worn in Eastern African countries as a traditional dress or for carrying infants.

Ceremonial Sword

A decorative sword used primarily for ceremonial purposes, often symbolizing authority or honor in various cultures.

Bilateral Contract

A contract involving two parties where each party makes a promise to the other.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties involved to their state prior to the agreement.