Roberto, Inc. purchased a truck on January 1, 2016, for $96,000. At that time, the truck's useful life was an estimated four years with no salvage value. Before the entry to record 2019 depreciation was made, the truck's estimated useful life was changed to six years with a $1,800 salvage value. Using straight-line deprecation, what is the 2019 depreciation expense? A) $ 6,000 B) $ 7,400 Listen C) $12,000 D) $2,700

Roberto, Inc. purchased a truck on January 1, 2016, for $96,000. At that time, the truck's useful life was an estimated four years with no salvage value. Before the entry to record 2019 depreciation was made, the truck's estimated useful life was changed to six years with a $1,800 salvage value. Using straight-line deprecation, what is the 2019 depreciation expense? A) $ 6,000 B) $ 7,400 Listen C) $12,000 D) $2,700

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 4CE: Grandorf Company replaced the engine in a truck for 8,000 and expects the new engine will extend the...

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