On June 1, 2020 Top Truck Retailer purchased a truck that cost a total of $78,000. The truck has an estimated useful life of 4 years and $6,000 residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. Assume that the company uses the units-of production method. The truck will be retired after 243,000 kilometers. Record of usage: year 1 - 48,600 km; year 2 - 60,750 km; year 3 - 72,900 km; year 4 - 53,460 km. Cost of Depreciation Accumulated Net Book Year Capital Asset Expense Depreciation To Date Value 2020 2021 2022 2023

On June 1, 2020 Top Truck Retailer purchased a truck that cost a total of $78,000. The truck has an estimated useful life of 4 years and $6,000 residual value. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. Assume that the company uses the units-of production method. The truck will be retired after 243,000 kilometers. Record of usage: year 1 - 48,600 km; year 2 - 60,750 km; year 3 - 72,900 km; year 4 - 53,460 km. Cost of Depreciation Accumulated Net Book Year Capital Asset Expense Depreciation To Date Value 2020 2021 2022 2023

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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