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Your grade has been recorded in the Gradebook Mon, May 11, 2020, 241:33 PM (America/New York-04:00) ii Show Timer Question 5 View Policies Current Attempt in Progress Culver Corporation bought equipment on January 1, 2022. The equipment cost $310000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 5 years. The depreciable cost of the equipment is $245000 $49000 $310000 565000. Attempts: 0 of 1 used Suter orgade has been recorded in the Gradebook Mon My 12020 PMA New York 0.00 / / 5 / 6 SOLO Show Time Question 6 View Policies Current Attempt in Progress A plant asset with a cost of $510000 and accumulated depreciation of $490000 is sold for $53000. What is the amount of the gain or loss on disposal of the plant asset? $33000 loss. $53000 gain $53000 loss. $33000 gain. Attempts: 0 of 1 used Submit Answer Soverorte Your rade has been recorded in the C o ok Mon May 11, 2020, 2 M eraw40 Show Tim Question 7 View Policies Current Attempt in Progress If you bought a new truck for $40.000 for your auto parts delivery service, and you estimated that the truck would last you 200,000 miles with a salvage value of $4,000, what would be your depreciation expense for the first year in which you used the truck for 12.500 miles? $2.250 $1.250 $2,500 $2,000 Sve to later Attempts: 0 of 1 used Submit Answer M Your orde T V1 | | | | r | ed in the radebook | | | | | | | |-- 1 4 / 5 | 6 | 7 | 8 on May 11, 2020, 241-33 PM America/New York ORO Sho Question 9 View Policies Current Attempt in Progress Which depreciation method calculates annual depreciation expense based on book value at the beginning of each year? Straight-line Units-of-activity Salvage method Declining Save for later Attempts: 0 of 1 used Submit Answer 11/2020 You n Mon May 112020-410 dinthe Gebook New York 04.000 Next > Your grade has been recorded in the Gradebook. Mon, May 11, 2020, 241:33 PM (America New York-00:00) Show Timer Question 10 --12 View Policies Current Attempt in Progress Schneider Trucking Inc. purchased a new semi truck on January 1, 2016 for $200,000. Its useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining balance method at double the straight-line rate? $50,000 587.500 $100.000 543,750 Attempts: 0 of 1 used Submit Answer ou rade has been recorded the 200PMANY

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