A delivery truck was purchased for $32,000 two years ago. It has a carrying value of $24,000 and an estimated residual value of $4,000 . Assuming the use of straight-line depreciation, the truck's estimated useful life must have been
a. three and one-half years.
b. seven years.
c. 14 years.
d. impossible to determine from the facts given.
B
Business
You might also like to view...
Foreign-exchange brokers help commercial banks carry out foreign exchange trading and maintain desired balances of foreign exchange.
a. True b. False
Business
What are commodity IT assets?
Business
The term interoperability implies that PL/SQL can run on any platform that Oracle can run on.
Answer the following statement true (T) or false (F)
Business
Using another's trademark in a meta tag does not normally constitute trademark infringement, even if it is done without the owner's permission
a. True b. False Indicate whether the statement is true or false
Business