The interest rate offered would decrease
Answer:
$60,000
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2 / 8 = 0.25
Depreciation expense in 2019 = 0.25 x $320,000 = $80,000
Book value at the beginning of 2020 = $320,000 - $80,000 = $240,000
Depreciation expense in 2020 = 0.25 x $240,000 = $60,000
I hope my answer helps you
The retirement plan she most likely has is the 401(k)
Well, actually both 401k and 403 b offer similar system of retirement. But 401k is more commonly used by middle-lower class worker, including elementary school teacher
