West corp. purchased a piece of equipment in january 2014. the accountant of west corp. decided to use double declining balance method to depreciate this equipment. for 2014, compared with using straight-line depreciation method, the company will have: (a) a higher net income and a higher accumulated depreciation. (b) a lower net income and a higher accumulated depreciation. (c) a higher net income and a lower accumulated depreciation. (d) a lower net income and a lower accumulated depreciation.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.