Author Question: The original cost of a car was 23,000 with an estimated life of 10 years. What is the annual ... (Read 132 times)

urbanoutfitters · **on:** Jun 24, 2018

The original cost of a car was 23,000 with an estimated life of 10 years. What is the annual double-declining-balance rate?
A) 5
B) 10
C) 20
D) 40

Question 2

The life of an oven is 15 years. The original cost of the oven was 2,500 and the salvage value was 800. What is the depreciation amount?
A) 3,300
B) 1,700
C) 412.50
D) 212.50