A forklift had a purchase price of $10,000, delivery costs of $2,000, a physical life of 6 years, and a useful life of 4 years. Estimated residual value is zero. The annual depreciation charge using the straight-line method is: A. $2,500 B. $1,667 C. $3,000 D. $2,000

A forklift had a purchase price of $10,000, delivery costs of $2,000, a physical life of 6 years, and a useful life of 4 years. Estimated residual value is zero. The annual depreciation charge using the straight-line method is: A. $2,500 B. $1,667 C. $3,000 D. $2,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...

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If you give me wrong answer I will give you unhelpful rate on these general accounting question

A forklift had a purchase price of $10,000, delivery costs of
$2,000, a physical life of 6 years, and a useful life of 4 years.
Estimated residual value is zero. The annual depreciation
charge using the straight-line method is:
A. $2,500
B. $1,667
C. $3,000
D. $2,000

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