Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Delta Company buys a truck for $90,000. The truck is expected to last 10 years.

During the third year, Delta 

Company realizes that the truck is only going to last a total of5 years. The truck is depreciated on the

straight-line basis and has no estimated salvage value.

At year3 the depreciation expense of the truck is:

a/Twenty thousand 

b/Nine thousand .

c/Eighteen thousand

d/Twenty seven thousand.

user-image
Question added by Deleted user
Date Posted: 2016/02/18
Abiodun Joda
by Abiodun Joda , office manager , Tola Joda Innovations

climate technology would be a very important area of research soonest because of the intensity of the major challenges it is posing right now.

Numeriano Dolino
by Numeriano Dolino , Electrical Manager , El-Khayyat Red Bricks

The Truck could even more than 10 years if properly maintained and can go more than its required mileage

Ramza Nawaz
by Ramza Nawaz , Graphic Designer , Channel 7 PVT.Lmtd

C. Eighteen thousand is the answer.

gamal abdelnasir Elnour
by gamal abdelnasir Elnour , Managing Director , Audit Bureau Consultancy - ABC

risk and compliance management

THASNI NOUFAL
by THASNI NOUFAL , CORPORATE RELATIONSHIP OFFICER. , UAE EXCHANGE CENTRE LLC

18 K

-----------------------------------------------------

Deleted user
by Deleted user

c. 18K.........................................................................................

Douib Mourad
by Douib Mourad , دليل سياحي , السياحة و السفر

hello delta trucks hahahaha

حسام الدين  الحداد
by حسام الدين الحداد , صانع محتوى , عشاق الخليج

c/Eighteen thousand

Yes, Option C is the right answer.

 

Deleted user
by Deleted user

The truck has depreciated far more than initially expected and will have depreciated $54,000 after 5 years to salvage value of $9,000.

Muhammad Faizan  Ali
by Muhammad Faizan Ali , graphics designer , Abdul Rehman Saad Al Rubiavi

Eighteen thousand 

 

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

hadadisb hadadi
by hadadisb hadadi , professor in engineering, , engg , institutions, b

HVDC transmission which will be the boon to problems, and get solutions, to the modern,,, ac transmission which poses problems, skin effect etc,

More Questions Like This