The 200 Percent or Double Declining Balance Method Is Allowable

question 76

True/False

The 200 percent or double declining balance method is allowable for five- and seven-year property.

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Definitions:

Alimentary Canal

The intestinal tract, from the esophagus to the rectum, and accessory organs.

Gastrointestinal Tract

The part of the digestive system comprising the stomach and intestine, through which food is ingested, digested, absorbed, and expelled.

Cholecystectomy

Surgical removal of the gallbladder.

Cholelithiasis

Stones in the gallbladder.