Using the Straight-Line Method,depreciation for 2016 and Book Value at December

question 10

Multiple Choice

Using the straight-line method,depreciation for 2016 and book value at December 31,2016,would be:

• A)$10,000 and $30,000.
• B)$11,250 and $28,750.
• C)$10,000 and $35,000.
• D)$11,250 and $33,750.

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Definitions:

National Debt

The cumulative sum of funds borrowed by a nation's government.

MPC

Marginal Propensity to Consume; the proportion of additional income that a consumer spends on goods and services rather than saving it.

Multiplier

In economics, a factor by which an initial change in spending is magnified or multiplied in the overall economy.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.