A Truck That Cost $8,000 Was Originally Being Depreciated Over

question 7

Multiple Choice

A truck that cost $8,000 was originally being depreciated over four years using the straight-line method with no salvage value. If after one year, it was decided that the truck would last an additional four years (or a total of five years) , the second year's depreciation would be

• A) $2,000.
• B) $1,000.
• C) $1,500.
• D) $2,500.

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Definitions:

Romans

An ancient civilization originating from the city of Rome, known for its significant contributions to law, politics, culture, and architecture, or refers to the citizens of Rome.

Stoic Philosophy

An ancient Greek school of thought emphasizing the development of self-control, fortitude, and rationality in the face of adversity.

Stoic

Pertaining to the philosophy of Stoicism, which teaches the development of self-control and fortitude as a means of overcoming destructive emotions.

Mindset

The established set of attitudes or outlook a person holds towards situations, which guides their responses and behaviors.