On April 1, 2020 ABC purchased a truck for $350,000 with the expected useful life of 8 years or 300,000 km. Estimated residual value end of the useful life time is 45,000. During 2020, 89,000 km has been driven on this truck. What is depreciation expense for 2020 if ABC uses Straight-Line method? Select one: a. $28,593.75 b. $23,437.50 c. $38,125.00 d. $25,416.67 Assume on June 20 you sold merchandise on credit for $125,000 with term 2/7; n30. On June 21 Stefano, your customer returned merchandise worth $8,200. On June 27 you received a cheque from Stefano. How much was written on the cheque? Select one: a. $125,000 b. $122,500 c. $114,464 d. $116,800