On January 1, Year 1, Friedman Company purchased a truck that cost $53,000. The truck had an expected useful life of 8 years and an $9000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 1? (Do not round intermediate calculations.)
A. $42,000
B. $30,750
C. $39,750
D. $33,000
Answer: C
Business
You might also like to view...
A likely outcome from leading with love is ______.
a. hesitation to innovate b. emotional engagement c. resistance to change d. inefficiency
Business
Complete the following table:
Business
Management accountants usually provide for a minimum cash balance in their cash budgets for which of the following reasons:
A) stockholders demand a minimum cash balance B) it is an important way of effectively managing cash C) it provides a safety buffer for variations in estimates D) to have funds available for major capital expenditures
Business
When dependent clauses precede independent clauses, they always are followed by a ________
A) period B) semicolon C) comma D) colon
Business