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Mileage Usage per Year 22,000 14,000 18,000 15,000 31,000 2018 2019 2020 2021 2022 On Jan 1, 2018 Roddog Corporation purchased a new delivery vehicle
Mileage Usage per Year 22,000 14,000 18,000 15,000 31,000 2018 2019 2020 2021 2022 On Jan 1, 2018 Roddog Corporation purchased a new delivery vehicle for it's "Roddog Hotdog Buns" delivery routes. The information regarding the vehicle is shown below. Please answer the questions below and check answers on the following tabs of the spreadsheet 100,000 10,000 Purchase Price Delivery Vehicle Estimated Salvage Value at end of useful life 5 Useful Life- Years 100,000 Useful Life in Miles What is the Net Book Value of this asset after year 4 using all 3 depreciation methods? Using Straight Line, what is the gain or loss if you sell the truck for 15,000 after year 4? Using Units of Activity, what is the gain or loss if you sell the truck for $25,000 after year 2? Roddog Hotdog enters the Utah market to compete with J-Dawgs. 5 stores open all at once and flood the market with another hotdog revolution. The first payroll is $100,000 and the payroll rates are shown below. Payroll Salaries & Wages 80,000 Federal Income Tax Rate State Income Tax Rate FICA Tax Rate FUTA Rate SUTA Rate 12% 5% 7% 5% 1% What are the payroll entries for this payroll
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