Question: Multiple Choice Question Meyer Corporation has a two - year old truck that originally cost $ 8 0 , 0 0 0 , has a

Multiple Choice Question
Meyer Corporation has a two-year old truck that originally cost $80,000, has a remaining life of 8 years with no salvage value, and is depreciated using the straight-line method. Current resale of the truck is $65,000. Expected net operating cash inflows are $14,250 and a 10% rate is used. Identify the correct statement.
Multiple choice question.
Historical cost is $60,000.
Discounted present value is $76,023.
Discounted present value is $65,000.
Net realizable value is $80,000.

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