On January 1, 2017, Alexis Company purchased a delivery truck for $60,000. They estimated the useful life of the truck to be 6 years, and the salvage value to be $12,000. On July 1, 2022, they sold the truck for a loss of $1,200. Assuming the company uses straight line depreciation, what was the selling price of the truck

$14,800

Explanation:

The computation of the selling price of the truck is shown below:

The depreciation expense is

= ($60,000 - $12,000) ÷ 6 years

= $8,000

Now the depreciation for 5.5 years is

= $8,000 × 5.5 years

= $44,000

Now book value is

= $60,000 - $44,000

= $16,000

ANd, finally the selling price of the truck is

= $16,000 - $1,200

= $14,800

2b2t

explanation:

2b2t

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.