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Ohio Valley Transport

uses the units of production (UOP) method to depreciate its trucks. In

2015,

Ohio Valley Transport

acquired a Mack truck costing

$380,000

with a useful life of 10 years or

968,750

miles. Estimated residual value was

$70,000.

The truck was driven

83,000

miles in

2015;

118,000

miles in

2016;

and

168,000

miles in

2017.

After

40,000

miles in

2018,

Ohio Valley Transport

traded in the Mack truck for a new Freightliner that cost

$460,120.

Ohio Valley Transport

received a

$280,120

trade-in allowance for the old truck and paid the difference in cash. Journalize the entry to record the purchase of the new truck. (Round interim calculations to the nearest cent and your final answer to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.)

Valert alerpring company One Vaky Transport stunt production (UOP Metode u 2015. O Valley Transport Macking 10.000 hof 10 Or 750 mm diale w $70,000. The truck wat die 2.000 in 2015. 118.000 milion 2014 and 168.000 es in 2017. Ale 40.000 in 2011. One Valey Thrporated Mackere for a new Frogner BOM 60.120 Owley Trreport on 280,120 raden for the old truck wid paid the diference in our cord the part of the da water add your www to the nearest Recorder credit de son from Jumaat) CD Journal Entry Accounts Die Debit Cred 2018 Chiody Temport we rucking company ON Valley Transports the units of production (UOP) method to depreciate trucks in 2015, Ohio Valley Transport in a Mack ruck conting 330.000 ha 10 70 miles Eistede was $70.000. The truck wolven 63,000 miles in 2015 118.000 miles in 2016 and 168.000 miles in 2017. Afer 40.000 miles in 2018. Ohle Valley Transport Faded in the Mock nick foran ht460.120 Ohio Valley Transport received a $20,120 radenware for the old truck and paid the oferece cash Joum the try to record the purchase of the new truck Rom cond your father do Record fint, thence Exclude pararojuma ties) + Journal Entry Account Debit Cree Chia Trasportowe Kuching company Oo Vale Transport uses the units of production (UOP) method to depreciate truck in 2015, Ohio Valley Transpo

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