Pablo Corporation purchased a new pickup truck to use in its business Corts where Purchase price of the truck S45.000 2.700 1.200 Sales tax paid on the purchase of the truck Painting and lettering the truck Maintenance after the truck was purchased Freight charges paid by Pablo for delivery of the truck Two year insurance policy on the truck 900 600 2.600 100 Motor vehicle license tax What is the amount recorded in the Truck account for the new truck? $49.500 $48.900 $47,700 $49.600. In connection with a piece of equipment, if a company expenses a cost that should have been cadetectwo Expenses will be understated and equipment asset will be overstated in the year of the Expenses and equipment Casset) will be understated in the year of the error. Expenses will be overstated and equipment Casset) will be understated in the year of the error Expenses and equipment Casset) will be overstated in the year of the error 345 Question 13 Net book value of a plant asset equals the: Question 13 1 Net book value of a plant asset equals thes Historical cost of the asset minus accumulated depreciation Historical cost of the isset plus the estimated salvage value Current replacement cost minus accumulated depreciation Historical cost of the asset minus the estimated salvige value Question 14 14 The Thomas Corporation purchased a piece of equipment on January 1, 2020 for $22.000 Theated the hours. The estimated salvage value of the equipment is $2.000. What is the amount of deprecatione units-of-activity method of depreciation and the corporation used the equipment. 9,000 hours 2020 $4,400. $4.500. $4,950. $4,000