A company purchased a new truck at a cost of $42,000 on July 1,2011.The truck is estimated to have a useful life of 6 years and a salvage value of $3,000.How much depreciation expense will be recorded for the truck for the year ended December 31,2011?
A) $3,250
B) $3,500
C) $4,000
D) $6,500
E) $7,000
Correct Answer:
Verified
Q81: Which of the following assets is not
Q87: Which of the following does not require
Q107: The adjusting entry to record the earned
Q113: On January 1 a company purchased a
Q113: On January 1,Denton Mabrey College received $1,200,000
Q114: A company's Office Supplies account shows a
Q114: On May 1,2011,Giltus Advertising Company received $1,500
Q114: A company pays each of its two
Q117: A company had no office supplies available
Q119: Expenses incurred but unpaid that are recorded
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents