Wingert Co., purchased a new truck for $62,000. The truck is expected to have a salvage...

 

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Wingert Co., purchased a new truck for $62,000. The truck is expected to have a salvage value of $12,000 four years later after using it for 100,000 kilometers. During the first and second years of operation, Wingert Co. put 25,000 and 10,000 kilometers respectively, on the truck. For the second year, depreciation expense would be: Multiple Choice O $5,000 $18,500 $12,500 None of the other alternatives are correct $7,400 Wingert Co., purchased a new truck for $62,000. The truck is expected to have a salvage value of $12,000 four years later after using it for 100,000 kilometers. During the first and second years of operation, Wingert Co. put 25,000 and 10,000 kilometers respectively, on the truck. For the second year, depreciation expense would be: Multiple Choice O $5,000 $18,500 $12,500 None of the other alternatives are correct $7,400

Answer rating: 100% (QA)

Answer Solution Cost of new truck 62000 Salvage value 12000 Total km 1000... View the full answer