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

question 160

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 (amounts rounded)

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

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Definitions:

Plasma Membrane

A selectively permeable lipid bilayer that encloses the cytoplasm of a cell, protecting it from the external environment.

Resting Membrane Potential

The voltage difference across the cell membrane when the cell is in an unstimulated, resting state, crucial for the function of nerve and muscle cells.

Sodium Ion

A positively charged ion (Na+) essential for various physiological functions, including nerve impulse transmission and fluid balance in the body.

Calcium Ions

Positively charged calcium atoms (Ca2+) that play vital roles in various biological processes, including muscle contraction, neurotransmission, and blood clotting.