6) Under the double declining balance method, the annual depreciation rate is multiplied by the __________ of the asset.

[answerhappygod]

6) Under the double declining balance method, the annual
depreciation rate is multiplied by the __________ of the asset.
a)
cost
b) net book value
7) A vehicle that cost $20,000 when purchased was sold for
$5,000. At the time of the sale, the vehicle had accumulated
depreciation of $17,000. What is the gain or loss on the sale?
a) loss of $15,000
b) loss of $12,000
c) gain of $2,000
d) gain of $5,000