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What is the depreciation expense for emil rovey

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Reference no: EM132672505

Problem 1: On the maturity date of a $10,200, 3-month, 10% note, the borrower sends a check that includes the principal and all of the interest due on the note. What is the amount of the borrower's check?

Multiple Choice

Option 1: $10,455.0

Option 2: $11,220.0

Option 3: $10,200.0

Option 4: $13,260.0

Problem 2: On September 1, Emil Rovey purchased a vehicle for $63,000 with a residual value of $8,000. The estimated useful life is 8 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? (Round your answer to the nearest whole dollar amount.)

Multiple Choice

Option 1: $2,292

Option 2: $1,719

Option 3: $6,875

Option 4: $2,625

Reference no: EM132672505

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