Tidy Limited purchased a new van on January 1. 2016. The van cost $55,000. It has an estimated life of Five years and the estimated residual value is $5,000. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2016? a) $20,000. b) $10,000. c) $11,000. d) $22,000. What is the adjusted balance in the Accumulated Depreciation account at the end of 2017? a) $11,000 b) $8, 800 c) $35, 200. d) $26, 400.

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.