Which of the following is a regulatory agency?

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

A retailer sells most of its merchandise on credit and bills clients monthly. Which of the following

elements of float does the retailer have the most control over? A) disbursing float B) mail float C) transit float D) processing float