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