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Use the following information to answer the following two questions: On July 1, 2022, Hauler Company purchased a large transport truck costing $450,000. The truck

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Use the following information to answer the following two questions: On July 1, 2022, Hauler Company purchased a large transport truck costing $450,000. The truck has an estimated useful and a $50,000 residual value. The company has a December 31st year end. The company plans to retire the truck after 200,000 kilometers ( km) of use. The truck was used 10,000 km in 2022. Assume the company uses the units-of-production method to depreciate the truck. The rate used for depreciation is: Select one: a. $2.25/km b. $2.11/km c. $40.00/km d. $2.00/km Disregard your response to the question above and instead assume the company uses a rate of $2.50/km. What amount of depreciati would be recorded on December 31, 2022 if Hauler makes depreciation adjustments annually? Select one: a. $40,000 b. $25,000 c. $250,000 d. $80,000 Use the following information to answer the following two questions: GoodStack sold a food truck for $8,900 cash on January 1, 2022. The accounts showed adjusted balances on December 3 follows: Truck Accumulated Depreciation $140,000 The net carrying value (net book value) of the truck on December 31,2021 is: Select one: a. $150,000 b. $290,000 c. $10,000 d. $8,900 e. $140,000 The gain or loss on disposal of the truck on January 1,2022 is: Select one: a. Gain $1,100 b. Gain $900 c. Loss $2,000 d. Loss $1,100

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