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Required information [The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck

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Required information [The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 77,000 miles In 2018, 57.000 miles In 2019, 52.000 miles In 2020, and 72.000 miles in 2021. Each of the three companies earned $77,000 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. C-1. Calculate the book value on the December 31, 2020, balance sheet? (Round "Per Unit Cost" to 3 decimal places.) Book Value Company A Company B Company C C-2 which company will report the highest book value on the December 31, 2020. balance sheet? Company A Company B O Company O All of the choices

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