A truck was purchased on 01/01/18 at a cost of $40,000. It was estimated to have a useful life of 200,000 miles and a residual value of $10,000. If the company uses the Units of Activity method to record depreciation on this truck, and they drove the truck 25,000 miles in 2018 then the depreciation expense for 2018 would be:

Assume that an asset that cost $30,000 has $25,000 of accumulated depreciation on it. If it is sold for $4,000, then the company must remove the asset balance and the balance of its accumulated depreciation account and report a:

Assume that an asset that cost $30,000 has $25,000 of accumulated depreciation on it. If it is sold for $6,000, then the company must remove the asset balance and the balance of its accumulated depreciation account and report a:

Assets that are expected to be more productive in their early years of life than in their later years should be depreciated using the:

If a plant asset is to be depreciated based on its actual usage instead of being based on how it is aging, then which of the following depreciation methods should be used: