Kant Enterprises purchased a truck for $11,000 on January 1, 2003. The truck will have an es-
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Kant Enterprises purchased a truck for $11,000 on January 1, 2003. The truck will have an es- timated 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, 2004, can be computed by the following formula:
(a) ($11,000 Total estimated activity) x Units of activity for 2004.
(b) ($10,000 Total estimated activity) x Units of activity for 2004.
(c) ($11,000 Total estimated activity) x Units. of activity for 2003 and 2004.
(d) ($10,000 Total estimated activity) X Units of activity for 2003 and 2004.
AppendixLO1
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Financial Accounting Tools For Business Decision Making
ISBN: 9780471691952
3rd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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