17&18

MUU UI loss is remote 17.Finicky Freight purchased a truck at the beginning of Year 1 for $80.000. The company decided to depreciate the truck over a five-year period using the double-declinino-balance method. The company estim the equipment's salvage value at $8,000. Refer to Finicky Freight. What is the amount of depreciation expense to be recorded for year a. $14,400 b. $16,000 c. $28,800 d. $32,000 18. Chastain Park Entertainment paid salaries expense of ark Entertainment paid salaries expense of $350 000 during Year 1. However, additional salaries of $20,000 had been earned by employees, but not paid or recorded at December 31, Year Refer to Chastain Park Entertainment. Under the accrual basis of accounting, what is the total amo salaries payable to be reported at December 31, Year 1? a. $0 b. $20,000 c. $350,000 d. $370,000