Sted Help Save & Exit Submit 6: Operational Assets, Natural Resources, Intan... 0 Check my...
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Sted Help Save & Exit Submit 6: Operational Assets, Natural Resources, Intan... 0 Check my work 5 Part 3 of 5 Required Information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019, 50,000 miles in 2020, and 73,000 miles in 2021. Each of the three companies earned $47,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company Buses double-declining-balance depreciation, and company C uses units-of-production depreciation. 8.5 points Answer each of the following questions. Ignore the effects of income taxes. eBook Print c-1. Calculate the book value on the December 31, 2020, balance sheet? (Round "Per Unit Cost" to 3 decimal places.) References Book Value 34,000 Company A Company B Company C
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