Using Double-Declining Balance Depreciation, Determine the Amount of Depreciation Expense

question 122

Multiple Choice

Using double-declining balance depreciation, determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31, 2015 financial statements.

• A)$0/$12,000.
• B)$4,320/$11,520.
• C)$480/$12,000.
• D)$2,592/$14,112.

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Definitions:

D. Melanogaster

Drosophila melanogaster, a species of fruit fly used extensively in genetic research due to its simple genetics and short life cycle.

Arabidopsis

A small flowering plant, Arabidopsis thaliana, used as a model organism in plant genetics and molecular biology.

Plant Development

The process by which plants grow and differentiate, from germination to senescence, shaped by environmental and genetic factors.

M. Musculus

The scientific name for the common house mouse, an important model organism in biological and medical research.