Answer all or dont answer at all please.

1. A truck was purchased for $25,000. It has a six-year life and a $4,000 salvage value. Using straight-line depreciation, what is the asset's carrying value (book value) after 3 years? a. $12,500. b. $25,000. c. $21,000. d. $14,500. 2. On January 1, 2015, Superior Landscaping Company paid $17,000 to buy a stump grinder. If Superior uses the grinder to remove 2,500 stumps per year, it would have an estimated useful life of 10 years and a salvage value of $4,500. The amount of depreciation expense for the year 2015, using units-of-production depreciation and assuming that 3,500 stumps were removed, is a. $2,380. b. $1,750 c. $1,700 d. $1,250. 3. The sale for $2,000 of equipment that cost $8,000 and has accumulated depreciation of $6,700 would result in a. gain of $2,000. b. gain of $700. c. loss of $700. d. loss of $1,300. Underestimating the number of tons of a mineral that can be mined over a mineral deposit's life will result in a. overstated net income each year. b. overstated total assets each year. c. overstated depletion expense each year. d. no effect on total assets cach year 4. A copyright is obtained for what becomes a very successful book. The publisher expects the book to generate sales for 10 years. The copyright should be amortized over a. 2 to 4 years. b. 10 years. ?. 40 years. d. the author's life plus 50 years 5