Question
Rose Bush Nursery purchased a delivery truck on July 1, 20X1, for $82,000. The truck is expected to have a useful life of 6 years
Rose Bush Nursery purchased a delivery truck on July 1, 20X1, for $82,000. The truck is expected to have a useful life of 6 years and a residual value of $10,000. The company uses the straight-line method of depreciation. What is the amount of depreciation expense on the truck for the year ended December 31, 20X1?
Multiple Choice
$6,000.00
$12,000.00
$6,833.33
$13,666.67
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The Practice Of Modern Internal Auditing
Authors: Lawrence B Sawyer
2nd Edition
0894130927, 978-0894130922
