Multiple Choice
Aggie, Inc.
Aggie, Inc. purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012.
-
Refer to Aggie, Inc.'s information presented above, if Aggie uses the straight-line method, what is the book value at December 31, 2013?
A) $ 8,000
B) $ 6,000
C) $10,000
D) $ 4,000
Correct Answer:

Verified
Correct Answer:
Verified
Q60: On December 31, Strike Company has decided
Q61: If technology changes rapidly, a firm should:<br>A)
Q62: Upon review of Bert's statement of cash
Q63: Peck Tech. purchased a patent at the
Q64: Gump Shrimp Company <br>On January 1, 2011,
Q67: On December 31, Strike Company has decided
Q68: Max's Tire Center Company <br>Selected data from
Q69: If the depreciation method is known, which
Q70: Clear Window Cleaners <br>Clear Window Cleaners purchased
Q163: Using different depreciation methods for book purposes