On january 1, 20x1 ncaa company purchased a truck that cost $24,000. the truck had an expected useful life of 5 years and a $4,000 salvage value. the amount of depreciation expense recognized in 20x3 assuming that ncaa uses the double declining balance method is:

Given:
Cost = 24,000
life = 5 years
salvage value = 4,000

Double declining balance stops when the book value of the asset is equal to its salvage value.

Double declining balance formula: 2 * straight line dep. rate * book value beginning of the year.

straight line dep rate = (24,000 - 4,000) ÷ 5 yrs = 4,000
⇒ 4,000 / 20,000 = 0.2 or 20%

year    Net book value, beg DDB dep. ext      net book value, end
2011   24,000                      9,600                   14,400
2012   14,400                      5,760                    8,640
2013     8,640                      3,456                    5,184

The depreciation expense recognized in 20x3 is 3,456.

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

The correct answer is "a.grassroots movements".