On January 1,2009,Town Spa Pizza Purchased for $16,000 a Delivery

question 5

Essay

On January 1,2009,Town Spa Pizza purchased for $16,000 a delivery truck that will be driven an estimated 100,000 miles.The truck has an estimated useful life of ten years and an estimated residual value of $5,000.Calculate the following amounts: (a)depreciation expense for 2013,under the production method (assume that 17,000 miles were driven that year); (b)the accumulated depreciation after the truck has been used for five and one-half years,under the straight-line method; and (c)depreciation expense for 2011,under the double-declining-balance method.(Show your work.)

---

Definitions:

Impulsive

Acting quickly without thought or care for the consequences.

Experiential Intelligence

The ability to apply knowledge and skills gained from personal experience to new and different situations.

Componential Intelligence

Part of Sternberg's Triarchic Theory of Intelligence, focusing on analytical skills such as problem-solving, logical reasoning, and the ability to analyze.

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience.