Transport Inc

question 100

Multiple Choice

Transport Inc.has a fleet of 10 large trucks that cost a total of $1,410,000.The fleet is expected to be driven a total of 1,000,000 miles during its estimated 10-year life and be sold for $141,000 at the end of its useful life.If the fleet was driven 125,000 miles during the current year,what is the amount of depreciation that would be calculated using the straight-line and units-of-production methods,respectively?

• A)$158,625 and $141,000
• B)$141,000 and $158,625
• C)$126,900 and $176,250
• D)$126,900 and $158,625

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Definitions:

All

A word used to refer to the whole quantity or extent of a particular group or thing.

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A program that involves experts from multiple fields of study working together towards a common goal.

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