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    Multiple choice

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    If Reneta's CDs purchases a new cash register for $2,700 and plans to use it for three years before disposing of it for an estimated $300, how much depreciation will Renata recognize the first year under the double-declining-balance method?

    a. $1,800

    b. $ 900

    c. $1,600

    d. $ 800

    Tanner owns and operates a kite store. He buys kites for $15 each. He pays a commission for each kite sold of $3. His advertising costs are $2 per kite. If Tanner sells the kite for $30, how much net income will he make per kite?

    a. $ 8

    b. $10

    c. $13

    d. $28

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    Solution Preview

    1. The double decling rate is 2/3=66.67% ( 2/useful life)
    The depreciation in double decling method is carrying value X ...

    Solution Summary

    The solution explains some multiple choice questions