n 29 Gardner Corporation purchased a truck at the beginning of 2015 for $75,000. The truck is estimated to have a residual value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2015 and 32,000 miles in 2016. What is the depreciation expense for 2016 ed out of Select one: @ a. 11,250 sg question b. 20,000 C. 10,800 d. 19,200 .30 d On December 1, Dell company exchanged 2,000 shares of its $25 par value ordinary shares held in treasury for a parcel of land to be held for a future plant site. The treasury shares were acquired by Dell company at a cost of $40 per share, and on the exchange date the ordinary shares of Dell company had a fair value of $50 per share. Dell company received $6,000 for selling scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at out of 9 question Select one: a. $94,000. b. $100,000. C. $80,000. Windows 10. 579,000