Three different companies each purchased trucks on Januaty 1, Year 1, for $ 68,000 ....
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Accounting
Three different companies each purchased trucks on Januaty 1, Year 1, 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 diven 65,000 miles in Year 1, 40,000 miles in Year 2 38,000 mites in Year 3, and 60,000 miles in Year 4 . Each of the three companies eamed $ 57,000 of casti revenue during each of the fout years. Company A uses straight-Iine depreciation, company B uses double-declining-balance depreciation, and company C uses. units-of-production depreciation.
Calculate the Book Value for each of 3 companies.
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