A company purchased a used machine for $10,000. The machine required installation costs of $1,000 and insurance while in transit of $500. At which of the following amounts would the machine be recorded?

A.

$10,500

B.

$11,000

C.

$10,000

D.

$11,500

A truck costs $300,000, and is expected to run 100,000 miles during its 5minusyear life. Residual value is expected to be zero because the truck was used when acquired. If the truck runs 24,000 miles the first year, how much depreciation should the company record under the unitsminusofminus production method? A. $72,000B. $85,000C. $47,000D. $24,000