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. |
http://d18rn0p25nwr6d.cloudfront.net/CIK-0000027904/1b58e244-f144-431a-afb7-1aaceed67f10.pdf#DAL1231201710K_HTM_S64EDC3EA643158F9B7785EF1F17626AF
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
