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Cost On January 1, 2017, Nay Co. purchased a Truck for $100,000, paid $200 as driving license, and $2,000 for insurance during transit. The cost of the Truck is: * $102,000 $100,200 $102,200 $100,000 None of the above On January 1, 2017 the journal entry to record the acquisition of the truck will include a: Debit Cash Debit Truck Credit Accumulated Depreciation Credit Accounts Payable None of the above On January 1, 2019, Sany Company purchased an equipment for $220,000. The company's management decides that its salvage value is $20,000. The company uses the units of activity method of depreciation and assumes that the equipment will be used 40,000 hours in 2019, in the year 2020 it will be used 30,000 hours, 20,000 hours in 2021, and 10,000 hours in 2022. The company prepares its financial statements at year end. Depreciable cost per hour in 2020 is: * $100,000/hr $30,000/hr $2.2/hr $2/hr None of the above Depreciation expense at year end 2021 is: $80,000 $60,000 $40,000 $20,000 None of the above Depreciation expense at year end 2021 is: * $80,000 $60,000 $40,000 $20,000 None of the above Accumulated depreciation for year 2022 is: * $200,000 O $180,000 $140,000 $80,000 None of the above