Question
8. Delta Air Lines uses ____________________ depreciation method. a. double-declining balance b. units of activity c. accelerated d. straight-line 9. In the first year of
8. Delta Air Lines uses ____________________ depreciation method.
a. | double-declining balance | |
b. | units of activity | |
c. | accelerated | |
d. | straight-line |
9. In the first year of flight equipment's useful life:
a. | book value would be lower on the company's balance sheet with the depreciation method used by Delta compared to double-declining balance depreciation method. | |
b. | book value would be the same amount on the company's balance sheet with the depreciation method used by Delta compared to double-declining balance depreciation method. | |
c. |
net income would be higher on the company's income statement with the depreciation method used by Delta compared to double-declining balance depreciation method.
| |
d. | net income would be lower on the company's income statement with the depreciation method used by Delta compared to double-declining balance depreciation method. |
10. Delta depreciates ground property and equipment over useful lives of 20-32 years.
a. | True. | |
b. | False. |
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