Answer the ten questions given the following data set:
ABC purchases a new delivery truck on January The cost of the truck is $ The truck is expected to last for five years and at that time have a salvage residual value of $
After two years, ABC believes it will now have the delivery truck for a total of years and after that time, the truck will have a $ salvage residual value.
After years, ABC sells the truck for $Question
What is the impact on net income in Year as a result of the events described?
If the amount is an increase to net income, enter a positive number. If the amount is a decrease to
net income, enter a negative number. If there is no impact, enter zero Do not enter any dollar
signs or commas. Use the negative sign for any negatives numbers.
