On September 1,2012,Algernon Company Sold a Truck for $15,000 Cash

question 106

Multiple Choice

On September 1,2012,Algernon Company sold a truck for $15,000 cash.The truck was originally purchased for $40,000,had an estimated salvage value of $4,000 and an estimated life of 6 years.Algernon had recorded depreciation of $30,000 through the end of 2011 using the straight-line method.Algernon had to update the depreciation prior to sale.After updating the depreciation,how much was the total accumulated depreciation on the truck?

• A) $34,250
• B) $34,440
• C) $36,000
• D) $34,000

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Definitions:

Disorganized

Refers to a state where systems, objects, or thoughts lack proper structure or arrangement.

Bizarre Behavior

Unusual or eccentric actions that deviate significantly from societal norms and expectations.

Hallucination

A perceptual experience that occurs in the absence of an external stimulus, often associated with mental disorders.

External Stimuli

External events or occurrences that can elicit responses from an individual, influencing their behavior or perceptions.