Wexford Co. Wexford Co. Purchased a New Delivery Truck at the Beginning

question 56

Multiple Choice

Wexford Co.

Wexford Co. purchased a new delivery truck at the beginning of 2017. The truck has a cost of $37,000, an estimated life of five years, and an estimated residual value of $7,000. A full year's depreciation expense is to be recorded in 2017. The truck was driven 20,000 miles during 2017 and 24,000 miles during 2018. The number of expected miles over five years is 100,000.

-Refer to the information about Wexford Co.
Wexford Co.wants to use the depreciation method that will result in the highest depreciation expense for 2017.Which method should be used?

• A)Straight-line
• B)Units-of-production
• C)Double-declining-balance
• D)All methods create the same income in 2017.

Understand characteristics and classifications of different protists.

Identify the ecological roles and economic impacts of protists.

Describe the basics of protist motility mechanisms.

Recognize different modes of protist reproduction and their life cycles.

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Definitions:

Recklessly

Acting with disregard for the safety or consequences of one's actions, often leading to potential harm or risk.

Section 12(a)(2)

A provision under the Securities Act of 1933 that provides a remedy for investors who have been sold securities by means of a prospectus or oral communication containing a material misstatement or omission.

Securities Act of 1933

A U.S. federal law enacted to require transparency in financial statements so investors can make informed decisions regarding securities investments; it also introduced regulations to prevent fraud.

Public Distribution

The system of distributing goods and services to the public through government channels, often at subsidized rates.