Kant Enterprises purchased a truck for $11,000 on January 1, 2006. The truck will have an esti- mated salvage value of $1,000 at the end of 5 years. If you use the units-of-activity method, the balance in accumulated depreciation at December 31, 2007, can be computed by the following formula:

(a) ($11,000+ Total estimated activity) x Units of activity for 2007.

(b) ($10,000+ Total estimated activity) x Units of activity for 2007.

(c) ($11,000+ Total estimated activity) X Units of activity for 2006 and 2007.

(d) ($10,000+ Total estimated activity) x Units of activity for 2006 and 2007. Go to the book's website, www. wiley.com/college/kimmel, to ac- cess additional Self-Study Ques- tions.