Business, 11.09.2019 02:30 ricardotavarez6
On january 1, 2016, jacob inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. the truck has a useful life of eight years and an estimated residual value of $8,000. on december 31, 2017, jacob inc. sold the truck for $43,000. what amount of gain or loss should jacob inc. record on december 31, 2017?
a. gain, $22,000.
b. gain, $5,000.
c. loss, $3,000.
d. loss, $18,000.
Answers: 2
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Business, 22.06.2019 11:00
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Business, 22.06.2019 18:50
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
On january 1, 2016, jacob inc. purchased a commercial truck for $48,000 and uses the straight-line d...
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