Lucky Company purchased a truck at a cost of $12,000 in 2011 . As of January 1, 2016, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2016 is $2,000 . After the adjustments are recorded and posted at December 31, 2016, what is the carrying value of the truck?
a. $2,000
b. $5,500
c. $12,000
d. $0
d
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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $68,000 and $3450, respectively. During Year 2, Allegheny wrote off $6300 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $5400. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement?
A. $1950 B. $5400 C. $6300 D. $8250
Identify four actions you can take during a presentation to increase your effectiveness as a speaker
Describe the internal assessment method for estimating benefit magnitude.
What will be an ideal response?
Entrepreneurial angels ____________________.
a. have already successfully started and operated their own businesses b. are usually former business executives looking to use their savings or current income to invest c. are independently wealthy and retired or semiretired, looking to invest their personal capital in startups as a hobby d. have achieved success through their own companies and want to be involved in the ventures they invest in