.mathxl.com/Student/PlayerHomework.aspx?homeworkld=565598529&questionid=18flushed-false&cid=60137528centerwineyes ACG 2021- 1955 Murphy-10 Week (575) katelyn bal Homework: Homework CH9 Score: 0 of 10 pts 10 of 10 (5 complete) HW Sco Question 10, E9A-29 (similar to) Shipping Trucking Corporation uses the units of production depreciation method because units of production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the compar (Click on the icon to view the facts.) Read the requirements Requirement 1. Record the journal entry for depreciation expense in 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit More into Mar. 15 When squired in 2015, the cost $370.000 and was expected to remain in service for 10 years or 1,000,000 miles. Estimated residual value was $180,000 The truck was driven 77,000 miles in 2015, 117,000 miles in 2016, and 157,000 miles in 2017. After 42,000 miles, on March 15, 2018, the company traded in the Mack truck a less expensive Freightliner. Shipping also paid cash $31,000 Fair market value of the Mack truck was equal to its netbook value on the date of the trade Print Done hoose from any Ist or enter any number in the input fields and then click Check Answer Clear Al parts - remaining the explanation on the last line of the journal entry table.) More Info - . X When acquired in 2015, the rig cost $370,000 and was expected to remain in service for 10 years or 1,000,000 miles. Estimated residual value was $180,000. The truck was driven 77,000 miles in 2015, 117,000 miles in 2016, and 157,000 miles in 2017. After 42,000 miles, on March 15, 2018, the company traded in the Mack truck for a less expensive Freightliner. Shipping also paid cash of $31,000. Fair market value of the Mack truck was equal to its net book value on the date of the trade. Print Done