A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second year, using the double declining-balance method?
a. $16,250
b. $32,500
c. $15,000
d. $30,000

Which website did you use to find the image you used in your career presentation? complete sentences are not necessary.

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?