A Truck That Cost $19,200 and Was Expected to Last

question 95

Multiple Choice

A truck that cost $19,200 and was expected to last 5 years was scrapped after 3 years. If the truck was being depreciated on a straight-line basis (with no salvage value) , the book value of the truck at the time of disposal was

• A) $19,200
• B) $11,520
• C) $4,800
• D) $7,680

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Definitions:

Pitch

A presentation or proposal made to potential customers, investors, partners, or collaborators, aiming to persuade or inform about a product, service, or idea.

SMILE and SCRATCH Test

A mnemonic used by entrepreneurs to evaluate the strengths and weaknesses of their business ideas based on specific criteria.

Promotional Materials

Various forms of media, printed or digital, designed to market or advertise a product, service, or event to a target audience.

Product Name

The title given to a product by the company that manufactures or sells it, which helps to identify and distinguish the product in the market.