Using the Double-Declining Balance Method, Depreciation Expense for 2013 Would

question 72

Multiple Choice

Using the double-declining balance method, depreciation expense for 2013 would be:

• A) $22,000.
• B) $13,200.
• C) $14,400.
• D) $24,000.

---

Definitions:

Contractual Capacity

The legal ability to enter into contracts; the threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.

Valid Contract

An agreement between parties that meets all legal requirements and is enforceable by law.

Minor

A minor is a person who is under the legal age of majority, typically under 18 years old in many jurisdictions, and is restricted from certain legal rights and responsibilities.

Legally Bound

Obligated by law to act in accordance with an agreement.