Case-Based Critical Thinking Questions
Case 9-2
Mackenzie is studying for her midterm exam in her accounting class.Her study partner Libby is her go-to person for help with calculating depreciation.
-Which of the following functions does Libby say is used to calculate a double-declining balance depreciation?
A) DDB
B) SLN
C) SYD
D) VBD

Question

Quizplus · Accepted Answer

The double-declining balance method of depreciation is calculated using the DDB function. SLN is used for straight-line depreciation, SYD for sum-of-the-years'-digits depreciation, and VBD is not a commonly used depreciation method.