Calculate the Book value

! Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $90,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 72,000 miles in 2018, 60,000 miles in 2019, 55,000 miles in 2020, and 65,000 miles in 2021. Each of the three companies earned $78,000 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 foll ing questions. Ignore the effects of income taxes. b-1. Calculate the net income for 2021? (Round "Per Unit Cost" to 3 decimal places.) Net Income $ 56,750 Company A Company B Company C ! Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $90,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 72,000 miles in 2018, 60,000 miles in 2019, 55,000 miles in 2020, and 65,000 miles in 2021. Each of the three companies earned $78,000 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. C-1. Calculate the book value on the December 31, 2020, balance sheet? (Round "Per Unit Cost" to 3 decimal places.) Book Value Company A Company B Company C