Machinery Is Purchased on 15 May 2009 for $50,000 with a $5,000

question 121

Multiple Choice

Machinery is purchased on 15 May 2009 for $50,000 with a $5,000 salvage value and a five year life. The half year convention is followed. What method of depreciation will give the highest amount of depreciation expense in year 2?

• A) Straight line
• B) Double declining balance
• C) 150% declining balance
• D) Amount cannot be determined

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Definitions:

Anticipatory Socialization

The process of preparing for future changes in roles or social situations by adopting new norms and behaviors in advance.

Secondary Socialization

Follows primary socialization and occurs through participation in more specific groups with defined roles and expectations.

Role Distance

The gap or difference between the behavior expected of an individual in a specific role and the actual behavior exhibited by that individual.

Evolved Desire

Biological or psychological motivations that have developed over time through natural selection to promote survival and reproduction.