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Ben George Inc Has Accumulated Depreciation-Truck of $12,000 as of December

Question 76

Multiple Choice

Ben George Inc has Accumulated Depreciation-Truck of $12,000 as of December 31, 2008. This relates to a Truck purchased for $16,000, with a salvage value at the end of five years of $1,000. The amount in the Accumulated Depreciation-Truck account as of December 31, 2009 is:


A) $15,000.
B) $3,000.
C) $12,000.
D) $1,000.

Correct Answer:

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