40) The allocation of the cost of equipment to future periods of benefit is termed as: A) depletion. B) amortization. C) depreciation. D) allocation. 41) The allocation of the cost of a wasting asset to future periods of benefit is termed as: A) depletion. B) amortization. C) depreciation. D) allocation. 42) The allocation of the cost of a copyright to future periods of benefit is termed as: A) depletion. B) amortization. C) depreciation. D) allocation. 43) Deuce Company purchased a truck for $50,000 on January 2,20X1. The asset has an expected salvage value of $5,000 at the end of its five-year useful life. What depreciation method is used if depreciation expense is $6,000 in 20X4 ? A) Straight-line. B) Sum of years' digits. C) Double-declining balance. D) Composite. 44) Deuce Company purchased a truck for $50,000 on January 2,20X1. The asset has an expected salvage value of $5,000 at the end of its five-year useful life. How much is the depreciation expense in 20X2 if sum-of-years digits depreciation is used? A) $6,000 B) $9,000 C) $12,000 D) $15,000 45) The most widely-used depreciation method for U.S. income tax purposes is: A) sum-of-the-years' digits. B) MACRS. C) straight-line. D) units-of-production