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PLEASE HELP Company ABC sold a shipment of TVs to Costco. The two companies negotiate on the shipping terms and agree to FOB Destination. When
PLEASE HELP
Company ABC sold a shipment of TVs to Costco. The two companies negotiate on the shipping terms and agree to FOB Destination. When the TVs are in transit (i.e. being shipped), who owns the inventory? Company ABC O Costco Raptor Construction purchases a truck for $42,000 on January 15, 2016. Raptor Construction estimates that the truck will last 10 years and have a salvage value of $2,000. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs. Using straight-line depreciation, calculate the depreciation expense for the 2016. Using straight-line depreciation, what is the book value of the machinery at the end of 2019 (December 31, 2019)? Note that this is after the fourth year of operation Raptor Construction decides to sell its truck on January 1, 2020 for $28,000 in cash. Is there a gain or loss? Type gain or loss, no caps, no spaces. What amount is the gain or loss? Use the following number format: 12345. No commas, no dollar signs, no minus signs. Raptor Construction purchases a truck for $42,000 on January 1, 2016. Raptor Construction estimates that the truck will last 10 years and have a salvage value of $2,000. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs. Using double-declining balance method for depreciation calculate the depreciation expense for the 2017. Note that this is the second year of operation. Using the double-declining-balance method for depreciation calculate the book value of the machinery at the end of 2017 (December 31, 2017). Note that this is after the second year of operation. Raptor Construction purchases a truck for $42.000 on January 1, 2016. Raptor Construction estimates that the truck will last 100,000 miles and have a salvage value of $2,000. In 2016, Raptor Construction used the truck for 12,000 miles Calculate the depreciation expense for 2016. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs. [DepreciationXPUOA)Step by Step Solution
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