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Please help!!! I need this answered by Tuesday, July 9th 2019. P3. Coyote Manufacturing bought a delivery truck for $60,000 on April 1, 2017. The

Please help!!! I need this answered by Tuesday, July 9th 2019.

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P3. Coyote Manufacturing bought a delivery truck for $60,000 on April 1, 2017. The registration fee for the truck was $4,000. Coyote estimated that the useful life would be four years or 200,000 miles and the residual value at the end of the useful life be $8,000. The mileage to be added to this truck during its useful life are 2017 2018 2019 2020 2021 40,000 50,000 52,000 48,000 10,000 Instructions: 1. Prepare journal entries for the purchase of the truck on April 1. 2017. 2. Compute depreciation expenses on the truck for the years ending on December 31 of 2017 and 2018 using the following methods; 1) Straight-line method, 2) Activity-based method, 3) Sum-of-the-years'-digit, 4) Double declining method. 3. Coyote sold this truck for $30,000 on January 1, 2019 - Prepare any necessary journal entries for this sale using 1) the sum-of-years-digit method. 2) the straight-line method

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