Time left 2:47 41 ABC Company purchased a truck for $32,000 on July 1, 2015. The truck has an estimated residual value of $2,000, An estimated life expectancy of 5 years, and it is estimated that the truck will travel 300,000 km. If 50,000 km are driven in 2015, what amount of depreciation expense would ABC Company record at Dec. 31, 2015, if the company uses the double-diminishing balance method? out of question O a. $6,000 ob. $6,400 OC. $12,800 O d. $12,000 Question 40 Which of the following statements is false? Not yet answered Marked out of 1.00 O a. Ownership of common shares gives the owner of the shares a voting right. Flag question O b. If shares are sold by one shareholder to another, the transaction must be recorded by the company. O c. Legal capital cannot be distributed to shareholders. O d. The authorization of share capital does not result in a transaction that is recorded by the company. 39 Which account of the following accounts will have a zero balance after closing entries have been journalized and posted? ed out of a question O a. Unearned Revenue b. Supplies O c. Service Revenue O d. Accumulated Depreciation