If a car is depreciated in four years, the rate of depreciation using twice the straight-line rate is:
A)25%
B)50%
C)100%
D)75%
E)None of these

Question

Quizplus · Accepted Answer

If a car is depreciated in four years using the straight-line method, then the rate of depreciation per year is 1/4 or 0.25.

Using twice the straight-line rate, the rate of depreciation per year would be 0.25 x 2 = 0.5 or 50%.

If a Car Is Depreciated in Four Years, the Rate