Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. zapata corp. purchased a delivery truck on august

Zapata Corp. purchased a delivery truck on August 1, 2020 for $32,000. The delivery department...

60.1K

Verified Solution

Question

Accounting

Zapata Corp. purchased a delivery truck on August 1, 2020 for $32,000. The delivery department estimates that the truck will have a useful life of 69,000 miles, after which it can be sold for $2,560. The department also estimates that they will drive 3,500 miles in 2020 and 27,600 miles in 2021. What should the company record as depreciation expense in 2021? (A 28) Group of answer choices $12,800 $1,493 $11,776 $2,560

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find all of the eigenvalues of the matrix A Hint Use the method of Example...

Basic Math
Q

We performed a linear regression analysis between number of times on phone per drive and number...

Basic Math
Q

Question is based on the information given below: Annual Cancer Death in White Male Workers in...

Basic Math
Q

14 What type of powered saw uses a short blade to cut relatively accurate circles...

Biology
Q

What are the zeros of the polynomial y = x + 3x?(0, 0)(3,0)(0,3)(0, 0) and...

Basic Math
Q

A company has 8 male and 6 female employees, and needs to nominate 2 men...

Basic Math
Q

X Ltd uses the LCNRV method, on an individual-item basis, in pricing its inventory...

Accounting
Q

irm W sells widgets in a reasonably stable market. It plans to launch a new,...

Accounting
Q

Dividends per share Oceanic Company has 20,000 shares of cumulative preferred 3\% stock, $100 par...

Accounting
Q

Cul de las siguientes organizaciones puede revocar el derecho de una persona a ejercer como...

Accounting
Q

1. Palace Casinos recently acquired a newly built hotel and casino in Atlantic City. The...

Accounting
Q

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information...

Accounting