On January 1, Year 1, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 100,000 miles over 8 years and an $7000 salvage value. During Year 2, Friedman drove the truck 34,000 miles. The amount of depreciation expense recognized in Year 2 assuming that Friedman uses the units-of-production method is: (Do not round intermediate calculations.)
A. $3250.
B. $8840.
C. $11,220.
D. $4125.
Answer: B
Business
You might also like to view...
Networks that focus on a particular function or audience are known as what?
A) Private networks B) Clouded networks C) Public, specialized networks D) Public, general-purpose networks E) Private, general-purpose networks
Business
A ________ sample is a type of probability sample in which a researcher divides the population into segments that relate to the study's topic
A) systematic B) convenience C) stratified D) quota E) simple random
Business
What are the elements of a more holistic approach to preparing to be an accountant?
What will be an ideal response?
Business
Managerial judgement is not a factor in determining cost behavior
Indicate whether the statement is true or false
Business