Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?
A.
motor vehicle account
B.
inventory account
C.
depreciation account
D.
market value account
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Vibgyor Inc., a manufacturer of smartphones, has entered into a 15-year partnership with a software company to develop sophisticated operating systems and innovative mobile applications for its cell phones.
Answers (1)
Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management? a. An increase in the amount of the quarterly dividendb. A decrease in the per unit production costsc.
Answers (1)
On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7% bonds that. pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%.
Answers (1)
If a competitive industry is currently losing money, what can be expected to happen to the number of sellers, the price of the product, the volume of output and losses in this industry over time?
Answers (1)
Owners of a bowling alley have determined that the price elasticity of demand for bowling by seniors is - 3.0, while the price elasticity of demand for others is - 1.8. How much more should others be charged than seniors?
Answers (1)
New Questions in Business
If inflation begins to rise rapidly, which step is the Federal Reserve likely to take?
Answers (1)
April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment will be made at the end of year 7.
Answers (1)
What is the one trait that you have that you believe would be an asset to any employer?
Answers (1)
Delta Technologies, Inc., operates in a perfectly competitive market and has experienced economies of scale because of advanced technologies that have allowed it to make production more efficient. Delta Technologies, Inc.
Answers (1)
Institutions specialize in raising money for governments and corporations by issuing securities.
Answers (2)