A Truck Costs $316,000 and Is Expected to Be Driven

question 188

Multiple Choice

A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year life.Residual value is expected to be zero.If the truck is driven 27,000 miles during the first year,how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) $98,600
• B) $24,480
• C) $73,440
• D) $44,440

---

Definitions:

Appraisal

The act of assessing something or someone, often referring to the evaluation of an employee's performance in a job.

Vicarious Reinforcement

The learning process where individuals modify their behavior based on observing the consequences of actions performed by others, reinforcing or discouraging certain behaviors without direct experience.

Discrepancy

A difference or inconsistency between two or more facts, figures, perspectives, or statements.

Goal Attainment

The successful achievement or reaching of predetermined objectives or targets.