Business, 05.06.2020 22:59, sammyraegarrett
Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $403,400 and the balance in Accumulated Depreciation—Trucks is $121,380. Details of the subsidiary ledger are as follows: Truck No. Cost Estimated Residual Value Estimated Useful Life Accumulated Depreciation at Beginning of Year Miles Operated During Year 1 $77,000 $11,550 240,000 miles — 36,000 miles 2 115,400 13,848 360,000 $23,080 36,000 3 93,500 13,090 216,000 $74,800 21,600 4 117,500 14,100 280,000 $23,500 33,600 a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round the rate per mile to two decimal places. Enter all values as positive amounts.
Answers: 3
Business, 21.06.2019 17:40, alyssamiller401
Which of the following is the least risky? collectables stock savings bond savings account
Answers: 2
Business, 22.06.2019 06:00, olivernolasco23
Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
Answers: 1
Business, 22.06.2019 16:10, olly09
The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense
Answers: 3
Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in...
Arts, 17.12.2019 20:31
Mathematics, 17.12.2019 20:31
History, 17.12.2019 20:31
History, 17.12.2019 20:31
History, 17.12.2019 20:31