If managers are measured on short-term financial performance only, they may not introduce new products

Downey Company bought a delivery truck for $62,000 on January 1, 20D. They installed a rear hydraulic lift for $8,000 and paid sales tax of $3,000. In addition, Downey paid $2,400 for a one-year insurance policy and $500 for registration fees. They estimate the useful life of the truck to be 10 years and its residual value to be $8,000. What amounts connected to the truck's acquisition should be expensed during 20D other than depreciation for the year?

A. $5,900 B. $13,900 C. $500 D. $2,900

Sole rights prevent everyone except the licensor from competing

Indicate whether the statement is true or false