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MBA 224A-Where would we record the cost of clearing

Question 14 pts Where would we record the cost of clearing land and removing an unwanted building?construction of new buildinglandland improvementspurchase of an existing buildingFlag this QuestionQuestion 2 On January 1, 2017 we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the double-declining balance method. What is the depreciation expense for 2017?$24,000$22,000$12,000$11,000Flag this QuestionQuestion 3 A plant asset would be reported on the balance sheet at:market valuehistorical costhistorical cost plus book valuehistorical cost minus book valueFlag this QuestionQuestion 4 On January 1, 2017 we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the straight-line method. What is the depreciation expense for 2017?$12,000$11,000$5,500$1,000Flag this QuestionQuestion 5 A truck cost $60,000 when purchased and has a $55,000 balance in the accumulated depreciation account. If the truck is discarded we will record a:debit to truck, $60,000 and debit to loss on disposal, $5,000credit to accumulated depreciation, $60,000,credit to loss on disposal,$5,000credit to truck, $60,000loss on disposal, $60,000Flag this QuestionQuestion 6 On July 1, 2017 we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the double-declining balance method. What is the balance in accumulated depreciation after the adjusting entry for 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online (year 2)?$35,200$21,600$31,200$19,800Flag this QuestionQuestion 7Which of the following is not included in the cost of land improvements?sprinkler systemssignsfencingdelinquent property taxesFlag this QuestionQuestion 8 On January 1, 2017 we purchased a truck for $55,000. The truck has a useful life of 5 years or 100,000 miles, and a residual value of $5,000. The actual mileage for the truck was 25,000 miles in 2017 and 30,000 miles in 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online. The truck is depreciated using the units of production method. What is the depreciation expense for 2017?$22,000$20,000$15,000$12,500Flag this QuestionQuestion 9 A truck cost $60,000 when purchased and has a $60,000 balance in the accumulated depreciation account. If the truck is discarded we will record a:debit to truck, $60,000credit to accumulated depreciation, $60,000debit to accumulated depreciation, $60,000loss on disposal, $60,000Flag this QuestionQuestion 10 A truck cost $60,000 when purchased and has a $50,000 balance in the accumulated depreciation account. If the truck is sold for $5,000 cash we will record:gain on disposal of $5,000loss on disposal,$5,000no gain or lossno entry is required

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