Author Question: The original cost of a truck was 24,000 with an estimated life of 10 years. What is the end-of-year ... (Read 130 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
The original cost of a truck was 24,000 with an estimated life of 10 years. What is the end-of-year book value?
 A) 4,800
  B) 9,600
  C) 14,400
  D) 19,200

Question 2

The life of a microwave is 7 years. The original cost of the microwave was 1,200 and the salvage value was 500. What is the first-year depreciation?
 A) 175
  B) 325
  C) 700
  D) 1,025



jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library