On March 2, 2009, Glen Industries Purchased a Fleet of Automobiles

question 35

Multiple Choice

On March 2, 2009, Glen Industries purchased a fleet of automobiles at a cost of $550,000. The cars are to be depreciated by the straight-line method over five years with no salvage value. Glen uses the half-year convention to compute depreciation for fractional periods. The book value of the fleet of automobiles at December 31, 2010, will be:

• A) $165,000.
• B) $400,000.
• C) $495,000.
• D) $385,000.

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Definitions:

Fluent French

The capability to speak and understand French language smoothly and accurately.

Itard

Refers to Jean Marc Gaspard Itard, a French physician known for his work in education and care of the so-called "wild boy of Aveyron."

Isolated

Being separated from others; in a social context, it refers to individuals or groups having minimal contact or interaction with others.

Malnourished

The condition of having a diet that lacks the correct balance of nutrients, leading to health problems.