An Equipment Was Purchased for $18,000

question 11

Multiple Choice

An equipment was purchased for $18,000. It has a useful life of 5 years and a residual value of $2,000. Determine the depreciation expense for the first year using the double-declining-balance method?

• A) $6,400
• B) $3,200
• C) $7,200
• D) $3,600

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Definitions:

Pseudogenes

Segments of DNA that resemble functional genes but are nonfunctional due to mutations.

Genetic Variation

The diversity in gene frequencies within a population, which is a primary source of evolution and adaptation.

Germline Cells

Cells that are involved in the reproduction process and give rise to gametes, carrying genetic information to the offspring.

Beneficial Mutations

Genetic changes that improve the survival or reproductive success of an organism in its environment.