A Firm Purchases an Asset for $50,000 and Estimates That

question 10

Multiple Choice

A firm purchases an asset for $50,000 and estimates that it will have a useful life of five years and a salvage value of $5,000. Under the double-declining-balance method, the depreciation expense for the first year of the asset's useful life is

• A) $9,000.
• B) $18,000.
• C) $10,000.
• D) $20,000. 20000 = (50000 x (2 x 20%))

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Definitions:

Arterioles

Small blood vessels that extend from arteries and lead to capillaries, controlling blood flow and pressure.

Veins

Blood vessels that carry blood toward the heart from various parts of the body, usually containing deoxygenated blood.

Thermoregulation

The process by which living organisms regulate their internal temperature, either through behavioral or physiological mechanisms.

Portal Veins

Veins that carry blood from various organs to the liver, allowing for detoxification and nutrient processing before returning to the heart.