The median can be determined for any set of ordinal, interval or ratio-level data

The lower the discount rate of an investment, the lower the present value of the investment

Indicate whether the statement is true or false.

If an asset costs $41,000, has a residual value of $3,000, and has a useful life of five years, the entry to record depreciation in the second year using the double-declining-balance method is

A) debit to Depreciation Expense, 9,430; credit to Cash, 9,430. B) debit to Depreciation Expense, 9,840; credit to Accumulated Depreciation, 9,840. C) debit to Depreciation Expense, 10,250; credit to Accumulated Depreciation, 10,250. D) debit to Accumulated Depreciation, 10,660; credit to Depreciation Expense, 10,660.