Bing's Export Co purchased a new delivery truck at the beginning of 2015 . The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000 . A full year's depreciation expense is to be recorded in 2015 . The truck was driven 20,000 miles during 2015 and 24,000 miles during 2016 . The number of expected miles over five years is 100,000. Refer to information
for Bing's Export Co What is the amount by which double-declining-balance depreciation exceeds straight-line depreciation over the 5-year life of the truck?
a. $ -0-
b. $ 7,000
c. $37,000
d. $ 6,000
a
You might also like to view...
________ includes the underlying motives, perceptions, attitudes, buying habits, and demographic and psychographic profiles of buyers and potential buyers
A) Buyer behavior B) Economic behavior C) Organizational behavior D) Ethical behavior E) Advertising creativity
When a line cook in a restaurant cooks uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special (available only on Saturday nights during football season), the cook is taking part in a
A. transformation process. B. conversion process. C. metamorphosis. D. turning point. E. therblig.
________ are coupons that reach consumers through colorful preprinted newspaper ads.
A. Premiums B. Convenience cards C. Spiffs D. Spillages E. Freestanding inserts
The emotion of ______ is evident in facial expressions that include a smiling mouth, puffed lower eyelids, smooth brow and forehead.
A. happiness B. sadness C. surprise D. anger