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Kolzing Company purchased a truck at a cost of $52,000 in 1998. As of January 1, 2004, depreciation of $33,000 had been recorded on

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Kolzing Company purchased a truck at a cost of $52,000 in 1998. As of January 1, 2004, depreciation of $33,000 had been recorded on this asset. Depreciation expense for 2004 is $5,500. After the adjustments are recorded and posted at December 31, 2004, the carrying value (book vaule) of the truck is Select one: Oa $13,500. Ob. $52,000 Oc $5.500 Od. $3,500 Bonzo Associates, Inc recorded salaries expense of $13000 in on

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