READ ALL Screenshots. the screenshots are all of the same problem, they aare just listing the options from the dropdown menu to answer the questionHonest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. LOADING...(Click the icon to view the facts.) Read the requirementsLOADING.... Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent.) - = Gain (Loss) on exchange - = Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations Determine Honest's gain or loss on the transaction. 2. Prepare the journal entry to record the trade-in of the old truck for the new one. Use two decimal places for depreciation cost per mile.

Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit * Requirements. 1. Determine Honest's gain or loss on the transaction. 2. Prepare the journal entry to record the trade-in of the old truck for the new one. Use two decimal places for depreciation cost per mile. Print Done Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. (Click the icon to view the facts.) Read the requirements Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent.) v = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent.) J = Gain (Loss) on exchange il entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Book value Cost Depreciable cost Residual value Trade in value of old truck Journal Entry Accounts Debit Credit Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount (Use a minus sign or parentheses for a loss, Round depreciation per unit to the nearest cent.) = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Accumulated Depreciation-Mack Truck Cash Depreciation Expense Truck-Freightliner Truck-Mack Gain on Disposal of Mack Truck Loss on Disposal of Mack Truck Sale Revenue Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit * Requirements. 1. Determine Honest's gain or loss on the transaction. 2. Prepare the journal entry to record the trade-in of the old truck for the new one. Use two decimal places for depreciation cost per mile. Print Done Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit * Requirements. 1. Determine Honest's gain or loss on the transaction. 2. Prepare the journal entry to record the trade-in of the old truck for the new one. Use two decimal places for depreciation cost per mile. Print Done Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. (Click the icon to view the facts.) Read the requirements Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent.) v = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent.) J = Gain (Loss) on exchange il entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Book value Cost Depreciable cost Residual value Trade in value of old truck Journal Entry Accounts Debit Credit Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount (Use a minus sign or parentheses for a loss, Round depreciation per unit to the nearest cent.) = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Accumulated Depreciation-Mack Truck Cash Depreciation Expense Truck-Freightliner Truck-Mack Gain on Disposal of Mack Truck Loss on Disposal of Mack Truck Sale Revenue Honest Truck Company is a large trucking company. The company uses the units-of-production (UOP) method to depreciate its trucks. To follow are facts about one Mack truck in the company's fleet. i (Click the icon to view the facts.) Read the requirements. Requirement 1. Determine Honest's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation per unit to the nearest cent = Gain (Loss) on exchange Requirement 2. Prepare the journal entry to record the trade-in of the old truck on the new one. Use two decimal places for depreciation cost per mile. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit * Requirements. 1. Determine Honest's gain or loss on the transaction. 2. Prepare the journal entry to record the trade-in of the old truck for the new one. Use two decimal places for depreciation cost per mile. Print Done