Required information {The following information applies to the questions displayed below) Three different companies each purchased trucks on January 1, Year 1, for $60,000. Each truck was expected to last four Years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 79,000 miles in Year 1, 47,000 miles In Year 2,51,000 miles in Year 3, and 74,000 miles in Year 4. Each of the three companies earned $49,000 of cash revenue during each of the four Years. Company A uses straight-line depreciation, company B uses double-declining- balance depreciation, and company Cuses units-of-production depreciation Answer each of the following questions. Ignore the effects of income taxes. . Calculate the book value on the December 31, Year 3, balance sheet. .. Which company will report the highest book value on the December 31, Year 3, balance sheet? Complete this question by entering your answers in the tabs below. Required C1 Required C2 Calculate the book value on the December 31, Year 3, balance sheet. (Round your "Per Unit Cost to 3 decimal places.) Book Value Company A Company B Company Recuiesc Required C2 > Required information [The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, Year 1. for $60,000. Each truck was expected to last four Years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 79,000 miles in Year 1, 47,000 miles in Year 2, 51,000 miles in Year 3, and 74,000 miles in Year 4. Each of the three companies earned $49,000 of cash revenue during each of the four Years. Company A uses straight-line depreciation, company Buses double-declining- balance depreciation, and company C uses units-of-production depreciation Answer each of the following questions. Ignore the effects of income taxes. . Calculate the retained earings on the December 31, Year 4. balance sheet. 2. Which company will report the highest amount of retained earnings on the December 31, Year 4, balance sh Complete this question by entering your answers in the tabs below. Required D1 Required D2 Calculate the retained earnings on the December 31, Year 4, balance sheet. Retained Eamings Company A Company B Company C Red Required D2 > Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1. Year 1, for $60,000. Each truck was expected to last four Years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 79,000 miles in Year 1.47,000 miles in Year 2, 51,000 miles in Year 3, and 74,000 miles in Year 4. Each of the three companies earned $49,000 of cash revenue during each of the four Years. Company A uses straight-line depreciation, company Buses double declining balance depreciation, and company Cuses units-of-production depreciation Answer each of the following questions. Ignore the effects of income taxes. e. Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows? activities will be if income tax is not considered The cash flow from operating Depreciation expenso for a cash flow itom
