Question 7 10 Points Engler Company purchases a new delivery truck for $56,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. What does Engler record as the cost of the new truck? 60,320 60,200 59,000 56,000 Question 8 10 Points Angie Blooms purchased a delivery van for $35,000. The company was given a $3,000 cash discount by the dealer and paid $1,500 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much Will Angie's Blooms increase its van account? 35,000 B) 33,000 34.000 B3.500 Question 10 10 Points Which one of the following items is not a consideration when recording periodic depreciation expense on plant assets COST salvage value useful life O market value Question 13 10 Points Equipment was purchased for $120,000. Freight charges amounted to $5,600 and there was a cost of $16,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $24,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be A 28,320 B 23,520 19,680 19,00 Question 14 10 Points A company purchased factory equipment on July 1, 2017, for 240,000, it is estimated that the equipment will have a 40,000 salvage value at the end of its 10-year useful life, using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017, is 24,000 21,000 15,750 D 20,000