need cost of truck

ULO LUL Score: 5 of 15 pts E9A-29 (similar to) Punctual 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 (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.) Debit Credit Date Mar 15 Accounts and Explanation Depreciation Expense-Truck Accumulated Depreciation-Truck 11 500 To record depreciation on truck. Requirement 2. Determine Punctual's cost of the new truck More Info The cost of the new truck is $ When acquired in 2015, the rig cost $430,000 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 82 000 miles in 2015. 122 000 miles in 2016 and 162.000 miles in 2017 After 46.000 miles on March 15, 2018, the company traded in the Mack truck for a less expensive Freightliner. Punctual 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 Enter any number in the edit fields and then click Check Ang PrintDone 1 part remaining Type here to search