98 O $755,625 $871,875 DI Question 61 A truck costs $316,000 and is expected to

Question

98 O $755,625 $871,875 DI Question 61 A truck costs $316,000 and is expected to be driven 116,000 miles during its thue year ite Reidual value is expected to be zero. If the truck is driven 27,000 miles during the firnit year,how much depreciation should the business record under the units-of-production method? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dol O $24,480 O $44,440 O $73,440 $98,600 D Question 62 Hank earns $24.00 per hour with time-and-a halif for hours in exces of 40 per wek He worke March 2018.Hank pays income taves at under FICA Determine hours at his job during the first week of OASDI and Medicare. All of his income is taxable week. (Do not round any intermediate calculations, and round your foral anower to th Hani's net pay for the $835.80 5 5

Explanation / Answer

61 Depreciation per unit = 316000/116000= $2.72 Depreciation for first year = 27000*2.72= $73440 Option 3 is correct

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