A new hoist was installed on the delivery truck at a cost of $3,500 . The truck is now usable for heavy duty hauling. This installation did not change the estimated useful life of the vehicle. What account is debited for the cost of the hoist?
a. Delivery Trucks
b. Delivery Trucks Expense
c. Depreciation Expense--Delivery Trucks
d. Accumulated Depreciation--Delivery Trucks
e. Truck Repairs Expense
a
You might also like to view...
Carly and Jason both are buying new iPhones this week. Carly goes to the Apple store because she wants to actually see the phone before she makes a final decision. Jason knows that he does not need to see the phone, because he just wants to update from his older version. He simply orders it online. Carly is purchasing her phone through_____, while Jason is purchasing his through ___.
A. an indirect-marketing channel; the most efficient channel of distribution B. the most common type of marketing channel; an indirect channel C. a retailer; a direct-marketing channel D. a business-to-business channel; a direct-marketing channel E. a retail channel; an indirect-marketing channel
There are no plans to develop national standards regulating the fuel economy and emissions for medium- and heavy-duty trucks
a. True b. False Indicate whether the statement is true or false
"Smoothing out earnings" can be a comfort name for:
a. Cooking the books. b. Manipulating earnings. c. The perfectly legal practice of timing expenses and income to avoid blips that affect share value. d. All of the above
A survey of an entire population is called
a. population analysis b. population c. census d. target population