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rime: zneurs, 08 minutes, 50 seconds Question Completion Status QUESTION 36 30 points On January 1, 2021, Oscar Productions purchases a truck that has a
rime: zneurs, 08 minutes, 50 seconds Question Completion Status QUESTION 36 30 points On January 1, 2021, Oscar Productions purchases a truck that has a cost of $40,000 with an estimated life of 6 years and 180.000 mes the u truck is estimated to be $4,000 at the end of 6 years Based on this information, please answer the following questions: 1. What is the depreciable cost of this truck? (2 points) 2. What is the straight-line depreciation that should be recorded each year? (2 points) 3. Under the units-of-activity method, how much depreciation should be recorded for each mile driven? (2 points) 4. Assuming that 30,000 are driven in 2021, what is the depreciation expense for 20217 (2 points) 5. At the end of year two (in other words, on December 31, 2022), what is the net book value of the truck under the units of activity method of depreciation In addition to the 30,000 miles driven in 2021, assume that 50,000 miles are driven in 2022. (2 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac BIVS Y Paragraph v Open Sans sa v 10pt EE A xxx ST The + 4
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