Danny's Delivery Service Purchased a Delivery Van for $30,000

question 28

Multiple Choice

Danny's Delivery Service purchased a delivery van for $30,000.The van had an estimated useful life of six years and an estimated residual value of $6,000.After four years of use,the total estimated useful life is revised to seven years.Assuming straight-line depreciation,depreciation expense in year 5 would be

• A) $2,667.
• B) $4,667.
• C) $2,000.
• D) $1,143.

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Definitions:

Ethyl Acetate

An organic compound commonly used as a solvent, characterized by a sweet smell, with the formula CH3COOCH2CH3.

Most Acidic

A term used to describe the substance within a set of compounds that exhibits the highest propensity to donate a proton (H+).

Crossed Claisen Condensation

A reaction involving the condensation of two different esters or an ester and a carbonyl compound in the presence of a strong base, producing a β-keto ester or a β-diketone.

Methyl Pentanoate

An ester formed from methanol and pentanoic acid, used in flavorings and fragrances.