2. John Morse Corporation buys a van for $16,000. The estimated life of the van is four years. The residual value of the van is $4,000. After two years, the van is sold for $8,000. What was the difference between the book value and the amount received from selling the van if John used the
straight-line method of depreciation?
O A. $12,000
O B. $4,000
C. $2,000
D. $8,000

What kind of bond pays interest which is exempt from tax?

Questions 7-8. use the following table to answer. year 2006 2007 2008 2009 2010 2011 2012 2013 cpi 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 7. suppose you bought a house in 2006 for $120,000. use the table above to calculate the 2013 value adjusted for inflation. (round to the nearest whole number) 8. suppose you bought a house in 2013 for $90,000. use the table above to calculate the 2006 value adjusted for inflation. (round to the nearest whole number)

Which equation is equivalent to the given expression? -(1/2y+1/4) a. -1/4(1+2y) b. 1/4(2y-1) c. -2(1/4y-1/8) d. 2(1/8-1/4y)