Tess Company recently purchased a vehicle with a listing price of $55,000. The final sales price negotiated with the dealer was $43,000. Tess paid sales tax of $2,600, shipping and preparation costs of $3,600, and insurance of $4,600 for the first year of ownership. How much should be recorded on the balance sheet as the cost of this vehicle prior to recording depreciation expense? Multiple Choice $46,600. O $45,600. O $43,000. $49,200. Which of the following statements is correct? Multiple Choice Companies will change the method of depreciating assets from one year to the next to reflect usage of an asset. Straight-line depreciation method always leads to higher depreciation expense than the double-declining-balance method. Companies can affect the depreciation expense recorded in a particular year by choosing one method of depreciation over another. Companies can affect the book value at the end of an asset's life by choosing one method of depreciation over another