Depreciation expense on the truck

Assignment Help Accounting Basics

Reference no: EM13159118

On January 1, 2009, Spark Company purchased a delivery truck that cost $40,000. Cash of $10,000 was paid, and the balance of $30,000 was payable on January 31, 2010. The truck has an estimated useful life of four years and no residual value. Considering
only these facts, depreciation expense (on the truck) for 2009, would be ??

Reference no: EM13159118

Questions Cloud

Describe the interrelationship : Describe the interrelationship between at least two different body systems studied in A&P I and how they maintain homeostasis.

What is leaky replacement : Compare and contrast the Out of Africa (replacement) hypothesis of modern human origins with the Multiregional (continuity) hypothesis. Describe the main points of each as presented in the textbook.

Explain the express of the disease in the cell membrane : Describe the type of genetic defect that causes this disease (Ex. Base deletion, base addition, base substitution, frame shift, non-disjunction, etc).

How many grams of no are required : 2NO+O2 makes NO2, what mass of NO2 is formed when NO reacts with 384g O2?, how many grams of NO are required to react with this amount of O2?

Depreciation expense on the truck : The truck has an estimated useful life of four years and no residual value. Considering only these facts, depreciation expense (on the truck) for 2009, would be ??

Calculate the molar mass of the solute : a solution contains 55 grams of ascorbic acid in 250 g of water freezes at -2.34 degrees C. calculate the molar mass of the solute

What is the cl- concentration of 40 ml of the stock solution : A stock solution is prepared by adding 21 mL of 1 M AlCl3 to enough water to make 76 mL. What is the Cl- concentration of 40 mL of the stock solution?

What are the similarities and differences in interphase : What are the similarities and differences in interphase, prophase, metaphase, anaphase, and telophase in mitosis and meiosis?

Explain what are the units of the rate constant : What are the units of the rate constant? c) What is the average value of the rate constant calculated from the three data sets?

User Account

All Pages