If the 150% Declining Balance Method Is Being Used and an Asset

question 137

Multiple Choice

If the 150% declining balance method is being used and an asset has a useful life of 20 years what is the depreciation rate?

• A) 7.5%.
• B) 10%.
• C) 15%.
• D) Some other amount.

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Definitions:

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Milligram

A unit of mass equal to one thousandth of a gram, used in measurements of small quantities.

Combining Form

A term used in the construction of medical and scientific terminology, indicating the combination of root words to form new meanings.

Suffix

A letter or group of letters added at the end of a word to form a new word, often to indicate a type of word like a noun or adjective.