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Farr Company purchased a new van for floral deliveries on January 1, 2017. The van...

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Accounting

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Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $59,000 with an estimated life of 7 years and $14,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2018? on Select one: @ a. $13,440 b. $8,950 c. The answer does not exist d. $26,880 e. $35,840 ROS Company purchased equipment on January 1, 2016, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used, is: Select one: a. $160,000. b. $156,000. c. $80,000. d. $78,000 e. The answer does not exist If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: a. deduct $724 from the bank's balance. ion b. deduct $724 from the book's balance c. add $18 to the book's balance. d. add $18 to the bank's balance. e. The answer does not exist

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