Skylar is studying for her midterm exam in her accounting class. Her study partner Lisa is her go-to person for help with calculating depreciation.
-Which of the following functions does Lisa say is used to calculate a double-declining balance depreciation?
A)DDB
B)SLN
C)SYD
D)VBD

Question

Quizplus · Accepted Answer

The function used to calculate double-declining balance depreciation is DDB. SLN is used for straight-line depreciation, SYD is used for sum-of-years' digits depreciation, and VBD is not a recognized accounting acronym.

Skylar Is Studying for Her Midterm Exam in Her Accounting