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(Solved) (Latest ver. Aug 2020) - 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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