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7. On January 1, 2005 Daugherty Company purchased a truck that cost $34,000. The truck had an expected useful life of 5 years and a $4,000 salvage value. Based on this information alone:
a.The amount of depreciation expense recognized in 2008 would be greater if Daugherty depreciates the asset under the straight-line method than if the double declining balance method is used.
b.The total amount of depreciation expense recognized over the five year useful life will be greater under the double declining balance method than the straight-line method.
c.At the end of 2008, the amount in accumulated depreciation account will be less if the double declining balance method is used than it would be if the straight-line method is used.
d.None of the above statements is true.

2007-02-07 12:49:47 · 2 answers · asked by Anonymous in Education & Reference Homework Help

2 answers

c because with straight line depreciation it is the same amount every year, and double declining starts depreciating at a higher number and ends up being hardly anything

2007-02-07 22:48:26 · answer #1 · answered by angellover6056 5 · 0 0

Here's the question for the chemical x42 calculate the of pounds of material purchased, the standard cost per pound of material, and the total standard material cost. The standard called for 1 pound and standard cost $0.40 per pound less. Material price variance-84,000 F material usage variance 80,000 U; total material variance-4,000 F; product requiring this chemical 200,000

2016-05-24 05:02:42 · answer #2 · answered by Anonymous · 0 0

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