QUESTION 14 Sarah buys a truck for $16,000. She expects to use the truck for 5...

  

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QUESTION 14 Sarah buys a truck for $16,000. She expects to use the truck for 5 years and sell it for $1,000 afterwards. Assum ing Sarah uses the straight-line depreciation method, what is her depreciation expense for the second year? QUESTION 15 Sarah buys a truck for $16,000. She expects to use the truck for 5 years and sell it for $1,000 afterwards. Assum ing Sarah uses the straight-line depreciation method, what is her accumulated depreciation at the very end of the third year? QUESTION 16 Sarah has assets of $400 and liabilities of $100. What is her equity? 2 F QUESTION 14 Sarah buys a truck for $16,000. She expects to use the truck for 5 years and sell it for $1,000 afterwards. Assum ing Sarah uses the straight-line depreciation method, what is her depreciation expense for the second year? QUESTION 15 Sarah buys a truck for $16,000. She expects to use the truck for 5 years and sell it for $1,000 afterwards. Assum ing Sarah uses the straight-line depreciation method, what is her accumulated depreciation at the very end of the third year? QUESTION 16 Sarah has assets of $400 and liabilities of $100. What is her equity? 2 F

Answer rating: 100% (QA)

1 Depreciation Cost Salvage value5 16000 1... View the full answer