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...


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

Extracted text: 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

Jun 10, 2022
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