When an invention falls into the public domain, the invention may be made, used, or sold by anyone, including the original inventor.

Confidence in business leaders was steadily _____________.

Fill in the blank(s) with the appropriate word(s).

KK company bought a delivery truck for $62,000 on January 1, 2009. They installed a rear hydraulic lift for $8,000 and paid sales tax of $3,000. In addition, KK 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. If KK uses the straight-line method of depreciation, what is the depreciation expense and book value at the end of 2010?

a. $7,300 and $58,400 b. $6,500 and $60,000 c. $6,790 and $62,320 d. $6,550 and $60,400