1) on January 1, 2013, Clemente Company purchased a new truck for $14,700. Its estimated useful life is seven years or 200,000 miles. The truck's expected salvage value is $700. During 2013, the truck was driven 20,000 miles. Assuming units-of-production depreciation, 2013 depreciation expense is:

Select one:

A. $1,764

B. $2,100

C. $1,400

D. $2,000

E. None of the above

2)

Several years ago, Farr, Inc. purchased a computer costing $45,000, for which total depreciation of $35,000 has been recorded. Assuming that the computer is sold for $15,000 cash, the proper entry to record the sale is:

Select one:

A. Debit Cash, $15,000; debit Accumulated Depreciation, $35,000; credit Computer, $45,000

B. Debit Cash, $15,000; debit Accumulated Depreciation, $35,000; credit Computer, $48,000

C. Debit Cash, $15,000; debit Accumulated Depreciation, $35,000; credit Computer, $45,000; credit Gain on Sale of Computer, $5,000

D. Debit Cash, $15,000; credit Computer $10,000; credit Gain on Sale of Computer, $5,000

E. None of the above