A deposit made by a company will appear on the bank statement as a

Select one:

a. debit.

b. debit memorandum.

c. credit.

d. credit memorandum. _____________________________________

A company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be

Select one:

a. $280,000.

b. $120,960.

c. $168,000.

d. $252,000