Multiple Choice
Kaven Corporation purchased a truck at the beginning of 2016 for $75,000 which will be depreciated using the units-of-output method.The truck is estimated to have a residual value of $3,000 and a useful life of 4 years and 120,000 miles.It was driven 18,000 miles in 2016 and 32,000 miles in 2017.What is the depreciation expense for 2017?
A) $18,750
B) $19,200
C) $20,000
D) $32,000
Correct Answer:
Verified
Correct Answer:
Verified
Q26: How is derecognition of an asset recognized
Q31: When more than one different type of
Q47: Which of the following is an indefinite-life
Q71: Ordinary repairs are expenditures to maintain the
Q89: Over what period of time should a
Q130: Both U.S.GAAP and IFRS requires disclosure of
Q133: Over what period of time should a
Q136: Use of the double-declining balance method _.<br>A)ignores
Q137: Which of the following costs should be
Q143: The fixed asset turnover ratio is computed