Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2019. The truck is expected to have a useful life of ten years or 150,000 miles and an expected residual value of $3,000. The truck was driven 15,000 miles in 2019 and 13,400 miles in 2020.
1. Calculate the depreciation expense for 2019 and for 2020 under the straight-line method.
2. Calculate the depreciation expense for 2019 and for 2020 under the double-declining balance method.
3. Calculate the depreciation expense for 2021 under the double-declining balance method.
Answers: 1
Business, 22.06.2019 21:00, atkinsonsinbraz
At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.
Answers: 2
Business, 22.06.2019 23:10, najsha
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
Business, 23.06.2019 00:30, Chen19241
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Answers: 1
Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 201...
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