Frazier Corporation shows a total of $660,000 in its Common Stock account and $1,600,000 in its Paid-in Capital Excess account. The par value of Frazier's common stock is $4. How many shares of Frazier stock have been issued? It cannot be determined b. 235,000. C. 400,000. d. 165,000. On January 1, 2019 Midwest Co. purchased a truck that cost $38,000. The truck had an expected useful life of 10 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2020 assuming that Midwest uses the double declining-balance method is: a. $3,800. b. $6,080. C. $5,440. d. $7,600.
