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Question 5 O out of 0.25 points On January 1, Year 1, Karev Company paid $30,360 cash to purchase a truck. Karev planned to X
Question 5 O out of 0.25 points On January 1, Year 1, Karev Company paid $30,360 cash to purchase a truck. Karev planned to X drive the truck for 100,000 miles and then to sell it. The truck was expected to have an $4,400 salvage value The truck was actually driven 35,000 miles during Year 1 40,000 miles during Year 2 20,000 miles during Year 3 10,000 miles during Year 4. If Karev uses the units-of-production method, the amount of accumulated depreciation shown on the Year 3 balance sheet is $ DO NOT ROUND until you get to the final answer Question 6 O out of 0.25 points Warren Enterprises purchased a van for $22,720. The van has a salvage value of $2,370, and an estimated useful life of Xfive years. Warren plans to use the straight line method of depreciation. The depreciation expense in year 2 would be $ Question 7 O out of 0.25 points Warren Enterprises purchased a van for $13,450. The van has a salvage value of $3,000, and an estimated useful life of Xeight years. Warren plans to use the double declining method of depreciation. The depreciation expense in year 1 would be $
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