fabian woodworks incs company purchased a trucks at a cost of a 112,000 The truck has an estimated residual value of $2,000 and an estimated life of 5 yeats ot 100.000 houts of operation. The truck was was purchased on January 1, 2019 and was used 27,000 hours in 2019 and 26,boo hauts in 2020 Refet to fabian woodwoths. If the company uses. the straight line method of depreclation, what iss the book value at Decembet 31, 20213 a $4000 48:DDD $6,000 10,000 25, At the year-end inventory count, if goods in transit fare shipped FOB destination, they should be included in the inventory count of a) the buyet b) the shipping company c) the seller d neithet the buyet not the sellex 26 on the balance sheet, the cumulative amount of plant and equipment already expensed is tepotted in an account called a accumulated depreciation b) depreciation expense c) accumulated amortization d) amortization expense