subject
Business, 25.06.2019 08:30 justijust500

Three different companies each purchased trucks on january 1, 2018, for $68,000. each truck was expected to last four years or 200,000 miles. salvage value was estimated to be $6,000. all three trucks were driven 65,000 miles in 2018, 40,000 miles in 2019, 38,000 miles in 2020, and 60,000 miles in 2021. each of the three companies earned $57,000 of cash revenue during each of the four years. company a uses straight-line depreciation, company b uses double-declining-balance depreciation, and company c uses units-of-production depreciation. answer each of the following questions. ignore the effects of income taxes. problem 6-24 part a required a-1. calculate the net income for 2018?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:30
The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone
Answers: 3
question
Business, 21.06.2019 23:20
On october 2, 2016 starbucks corporation reported, on its form 10-k, the following (in millions): total assets $14,329.5 total stockholders' equity 5,890.7 total current liabilities 4,546.9 what did starbucks report as total liabilities on october 2, 2016? select one: a. $12,516.7 million b. $6,377.3 million c. $995.0 million d. $8,438.8 million e. none of the above
Answers: 2
question
Business, 22.06.2019 02:50
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
Answers: 1
question
Business, 22.06.2019 08:00
Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate
Answers: 2
You know the right answer?
Three different companies each purchased trucks on january 1, 2018, for $68,000. each truck was expe...
Questions
question
Mathematics, 28.04.2021 03:30
question
Mathematics, 28.04.2021 03:30
Questions on the website: 13722361