1) If Ziegler Corporation uses double-declining balance what is the depreciation expense for Year 3?A. $20000B. $2222C. $14815D. $180002) Bender Incorporated purchased a photocopier for $3000. Bender also paid sales tax of $180 and a delivery and ins
1) If Ziegler Corporation uses double-declining balance what is the depreciation expense for Year 3?A. $20000B. $2222C. $14815D. $180002) Bender Incorporated purchased a photocopier for $3000. Bender also paid sales tax of $180 and a delivery and installation fee of $200. For accounting purposes the cost of the photocopier will be recorded as:A. $3380B. $3000.C. $3180D. $32003) On December 31 2010 Halladay Corporation sold an asset that had a cost of $30000 and accumulated depreciation of $28000 for $6000. This transaction results in:A. A gain of $4000B. A loss of $4000C. A gain of $6000D. A loss of $20004) Book value is equal to:A. Cost minus residual valueB. Market value minus book valueC. Cost minus accumulated depreciationD. Depreciable cost