Question
Rose Bush Nursery purchased a delivery truck for $31,000. The truck is expected to have a useful life of 5 years and a residual value
Rose Bush Nursery purchased a delivery truck for $31,000. The truck is expected to have a useful life of 5 years and a residual value of $1,000. If the truck was purchased on June 1, 2019, what is the amount of depreciation expense for the truck for the year ended December 31, 2019? The company uses the straight-line method of depreciation.
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$1,000
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$6,000
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$3,500
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$3,000
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
