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1 Normal No Spac... Heading 1 Editing Editor A Aa A A - 2! Paragraph 3 Font Editor Styles 5 1 2 4 7 11. Which of the following statements determine whether your company can use the standard mileage rate for its vehicles as a deduction on its tax return? Select all answers that apply: A. The vehicle has been expensed B. The vehicle has been depreciated C. The vehicle is over 5 years old. D. The vehicle will be sold this year, LE. The vehicle is part of a fleet of vans. 12 Bravo Company's furnace, which has a current book value of $40,000 (original cost less accumulated depreciation), has been destroyed. If the insurance company pays Bravo 945,000, which of the following transactions should be recorded? Select the single best answer: A debit Cash $45,000 credit Equipment Furnace $45,000 B. debit Cash $40,000, debit Equipement/Furnace $40,000 C. cred Gain on Disposition of Equipment Furnace $45.000, debit Cash $45,000 D. debit Equipment Furnace $5,000, credit Equipment Fumace S40,000: debit Cash $45,000 E. credit Gain on Disposition of EquipmentFumace $5,000 credit Equipment Furnace $40,000, debit Cash $45,000 13. On January 1, the unpaid balance of a company's mortgage rate was $100,000. The tender requires 51.000 per month to be paid on the principal each year. Which of the following best describes how the liability for the principal should be shown on the balance sheet as of January 1? Select the single best answer: A $100,000 as a current librity B. 512.000 as a current ability and $88.000 as a long-term liability C. $100.000 as a long-term liability and $12,000 as a current liability D. $88,000 as a current liability DE $112.000 a current ability 11 worth Focus