Question: Please explain which answer is correct and why. A) $137.50 B) $140.00 C) $142.50 D) $155.00 E) $300 On January 1, 2010, Run & Go

Please explain which answer is correct and why.

Please explain which answer is correct and why. A) $137.50 B) $140.00

C) $142.50 D) $155.00 E) $300 On January 1, 2010, Run &A) $137.50

B) $140.00

C) $142.50

D) $155.00

E) $300

Go Pizza purchased a delivery truck for $50,000. The truck has a

On January 1, 2010, Run & Go Pizza purchased a delivery truck for $50,000. The truck has a $5,000 salvage value and a four-year (or 56,250 miles) useful life. During 2010, the company put 15,750 miles on the delivery truck If Run & Go uses the double-declining balance method, how much depreciation expense should Run &Go recognize in 2010? $6,300 $7,000 $22,500 $25,000 none of the above

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