On January 1, 2009, a Corporation Purchased a Truck That

question 22

Multiple Choice

On January 1, 2009, a corporation purchased a truck that cost $20,000. It is being depreciated on a straight line basis over 6 years, with a $2,000 residual value. At the end of 2010, it is determined that the useful life should total 14 years and the residual value should be zero. What is the 2011 depreciation expense?

• A) $1,000
• B) $600
• C) $1,200
• D) $900

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Definitions:

Willing To Compromise

The readiness of an individual or party to make concessions to reach a mutual agreement or resolve a conflict.

Ingroup

A group to which an individual belongs and identifies with, often leading to favoritism towards member and bias against outgroup members.

Brain Scans

Medical imaging techniques used to view the structure or function of the brain, including MRI and CT scans, to diagnose or study neurological conditions.

Nonconformists

Individuals who reject or do not follow prevailing social norms or practices.