On March 2,2017,Glen Industries Purchased a Fleet of Automobiles at a Cost

question 51

Multiple Choice

On March 2,2017,Glen Industries purchased a fleet of automobiles at a cost of $550,000.The cars are to be depreciated by the straight-line method over five years with no salvage value.Glen uses the half-year convention to compute depreciation for fractional periods.The book value of the fleet of automobiles at December 31,2018,will be:

• A)$165,000.
• B)$330,000.
• C)$495,000.
• D)$385,000.

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Definitions:

Etiology

The study of the causes or origins of diseases and disorders.

Cumulative Liability

The combined risk for developing an illness that accumulates over multiple factors and over time.

Heterogeneity

The quality or state of being diverse in character or content; variability within a population.

Schizophrenia

An intense mental health disorder distinguished by anomalies in reasoning, sensing, emotions, language use, self-awareness, and actions.