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Question 6 8 points Save Answer Which of the following is not an intangible asset: Patent . Goodwill OB. Land OC Franchise OD Question 7

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Question 6 8 points Save Answer Which of the following is not an intangible asset: Patent . Goodwill OB. Land OC Franchise OD Question 7 8 points Save Answer Car Express bought a delivery truck on January 1st 2020. The following are the details: Truck cost $75,000 Residual value $5,000 Useful life in years 5 Useful life in miles 50,000 If Car Express uses the straight-line method of depreciation what is the amount of depreciation expense on December 31, 2020? $13,000 OA $16,000 OB. $14,000 Oc. $15,000 OD Question 8 8 points Save Answer Car Express bought a delivery truck on January 1st 2020. The following are the details: Truck cost: Residual Value: Useful Life years Estimate Useful Miles: $75,000 $5,000 5 50,000 If Car Express uses the straight-line method of depreciation what is the Book Value at the end of two years on December 31, 2021? $47.000 . $45,000 OB. 543,000 $42,000 OD

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