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MC Qu. 06 On January 1, 2016, Pearson Company ... On January 1, 2016, Pearson...

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Accounting

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MC Qu. 06 On January 1, 2016, Pearson Company ... On January 1, 2016, Pearson Company purchased a delivery truck for $64,000. The van was estimated to have a 5-year useful life or 100,000 miles. Salvage value was estimated at $4,000. The van was driven 25,000 miles in 2016 and 22,000 miles in 2017. Which of the following is an incorrect statement? Multiple Choice Depreciation expense for 2016 using the units-of-production method is $15,000. Depreciation expense for 2017 using the units-of-production method is $13,200. Depreciation expense for 2017 using the double-declining balance method is $14.400 Depreciation expense for 2016 using the double-declining balance method is $25,600

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