On January 1, 2017, Roadway Delivery Company Purchased a Truck

question 165

Multiple Choice

On January 1, 2017, Roadway Delivery Company purchased a truck for $20,000. Depreciation Expense is $2000 per year. During the first year of use, the company paid $2000 to repaint the truck and $1100 for new tires. What is the total expense for the year ended December 31, 2017?

• A)$2000
• B)$4000
• C)$3100
• D)$5100

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Definitions:

Judicial Restraint

A philosophy of law where judges limit their own power, adhere closely to precedent, and defer to legislation made by the legislative branch.

Constitutional Interpretation

Constitutional interpretation involves the process by which courts, particularly the Supreme Court, determine the meaning and application of the Constitution's provisions in cases that come before them.

Societal Implications

The effects or consequences that a particular event, policy, or condition may have on the structure and functioning of a society.

Pattern of Cases

A repeated or recurring series of instances, situations, or issues, often analyzed to identify trends or commonalities.