Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a truck was purchased on september 18th, 2019 for

A Truck was purchased on September 18th, 2019 for $ 75,000. Depreciation is charged on...

90.2K

Verified Solution

Question

Accounting

A Truck was purchased on September 18th, 2019 for $ 75,000. Depreciation is charged on double declining balance method @ 10% The company year end date is December 31st. The Accumulated depreciation on December 31st 2020 was: * 2 points

$ 9,375

$ 9,187.5

$ 8,395.5

$ 7,312.5

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

True or false If A 5 6 7 and B 6 8 10 12 the...

Geometry
Q

Without using a calculator state the exact value of the following trig functions for the...

Basic Math
Q

An open-top box is to be made from a square piece of cardboard that measures...

Basic Math
Q

A radio disc jockey has 7 songs on this upcoming hour's playlist: 2 are rock...

Algebra
Q

You are a member of a newly formed team that has been tasked with designing...

Accounting
Q

so stuck! Mauro Products distributes a single product, a woven basket...

Accounting
Q

Question Content Area The entries to record cost and sale of a finished good...

Accounting
Q

On July 1, 2017, Collins Jewelers accepted a 3-month, 15% note for $6,000 in settlement...

Accounting
Q

Milanese Corporation manufactures one product. It does not maintain any beginning or ending Work in...

Accounting
Q

Tory Company sells a single product. Troy estimates demand and costs at various activity levels...

Accounting
Q

Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have...

Accounting
Q

Bergo Bay's accounting system generated the following account balances on December 31 . The company's...

Accounting