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need help Regional Highway Transport is a large trucking company. Regional Highway Transport uses the units of production (UOP) meched to dopreciate its trucks. In
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Regional Highway Transport is a large trucking company. Regional Highway Transport uses the units of production (UOP) meched to dopreciate its trucks. In 2015. Regional Highway Transport acquired a Mack truck costing $370,000 with a usetul life of 10 years or 875,000 miles. Estimated residual value was $20,000. The truck was driven 85,000 miles in 2015; 145,000 miles in 2016; and 190,000 miles in 2017. Afer 40,000 miles in 2018, Regionat Highway Transport traded in the Mack truck for a new Frelghtliner that cost $331,000. Regional Highway Transport received a $206,000 trade-in allowance for the old truck and paid the difference in cish. Journaliee the entry to record the purchase of the new truck. (Round interim caiculations to the nearest cent and your final answer to the nearest doitae. Record dobits fist then credits. Exclude explanetions from journal entries.) Step by Step Solution
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