Use the Information Below to Answer the Following Questions

question 16

Multiple Choice

Use the information below to answer the following questions.
Speedy Ltd purchased a delivery truck on 1 July 2010 for $450 000. It had an estimated salvage value of $150 000. The estimated number of kilometers to be driven was 150 000. The truck was depreciated using the units-of-production method. Speedy Ltd’s financial period ends on 31 December. The truck was driven the following distances: during 6 months to 31 December 2010, 25 000 km; during 12 months to 31 December 2011, 75 000 km; and during 12 months to 31 December 2012, 40 000 km.
-What was the depreciation expense for the year ended 31 December 2010?

• A) $50 000
• B) $80 000
• C) $150 000
• D) $225 000.

---

Definitions:

Interface

A point where two systems, subjects, organizations, etc., meet and interact.

Fraudulently

Acting with intent to deceive or cheat, often for personal gain or to fulfill some unlawful purpose.

Laser Printer

A type of printer that uses a laser and toner to create high-quality text and graphics on paper.

Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.