There are some accounts, such as income Taxes Payable and the Allowance for Doubtful Accounts, for which the amounts must be estimated so they can be recorded in the same period as the related revenues, Failure to record these amounts in the same period as the related revenues is a violation of the A. limitation of materiality B. concept of historical cost C. going concern assumption D. matching principle A company purchases a truck at a cost of 512,000 . The truck, has an estimated residual value of 52,000 and an estianated life of 5 years, or 100,000 hours of operation. The truck was purchased on january 1, 2012, and was used 27,000 hours in 2012 and 26,000 hours in 2013. If the company uses the straight -line method of depreciation, what is the amount of depreciation expense for 2012? A. 43,240 9. 52,000 C. 52,700 D. $2.400