Please answer question 5-8. On January 1, 2017, Omaha, Inc. purchases a delivery truck for...
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Please answer question 5-8. On January 1, 2017, Omaha, Inc. purchases a delivery truck for $100,000 They estimate a residual value of $6,000 and expect a useful life of 4 years. They also estimate 100,000 miles of use 5. What is the depreciation expense on December 31, 2017 using straight-line depreciation? A. $10,000 B. $25,000 .$20,000 D. $50,000 6. What is the accumulated depreciation balance depreciation? after the second year depreciation using double-declining A. $10,000 B. $25,000 C. $20,000 D. $50,000 In 2017 they drive the delivery truck 30,000 miles. What is the depreciation expense on December 31, 2017 using activity-based depreciation? 7. A. $15,000 B. $17,000 C.$10,000 D. $12,000 8. If Omaha, Inc purchase the delivery truck on April 1 2017, what is the What is the depreciation expense on December 31, 2017 using straight-line depreciation? A. $10,000 B. $7,000 C. $7,500 D. $12,000 Please answer question 5-8.On January 1, 2017, Omaha, Inc. purchases a delivery truck for $100,000. They estimate a residual value of $6,000 and expect a useful life of 4 years. They also estimate 100,000 miles of use 5. What is the depreciation expense on December 31, 2017 using straight-line depreciation? A. $10,000 B. $25,000 C. $20,000 D. $50,000 6. What is the accumulated depreciation after the second year depreciation using double-declining balance depreciation? A. $10,000 B. $25,000 C. $20,000 D. $50,000 E. 20,000 Please answer question 5-8. On January 1, 2017, Omaha, Inc. purchases a delivery truck for $100 They estimate a residual value of Sese and expect a useful life of 4 years. They also estimate 100,0oo miles of use $60,000 5. What is the depreciation expense on December 31, 2017 using straight-line depreciation? A. $10,000 B. $25,000 C. $20,000 D. $50,000 deprea ation expense 6. What is the iggneuaned idepreclorionafter the second year depreciation using double -declining balance depreciation? A. $10,000 B. $25,000 C. $20,000 D. $50,000
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