AsseOverstated conte n t Assets are understated. No Effect on th s stated Assets are understatect o r ed As we Otted. Moecond Stad s sted D Question 16 1 pts Hillary's Outdoor Store da 2 for 1 stock split. Before the p l ay's Outdoor Store had 25.000 common shares outstanding with a Par Value (PV) of $2. After the split, Hillary's Outdoor Store had 50,000 shares outstanding and PV 52 12.500 shares outstanding and PV 54 O 25.000 shares outstanding and PVS S o utstanding and PV 51 Question 17 1 pts PRO Company uses the production (also known as units of activity method to depreciate long-term assets. The company has a November 30, 2017 fscal year end. The company's trial balance lists a truck with a historic cost of $28,000. The truck is estimated to have a salvage value of $2,000 and an estimated useful life of 200,000 miles or at least 4 years. How much depreciation expense would be reported on the income statement in a year in which the company operates the truck 40,000 miles? $5.000 $7,000 OSSO O $5.200 48