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Road Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck
Road Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the company's fleet the icon to view t i(Click facts.) Read the requirements Requirement 1. Record the journal entry for depreciation expense in 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Mar. 15 X More Into When acquired in 2015, the rig cost $450,000 and was expected to remain in The truck was drivan 84 000 miles in 2015 124 000 miles in 2016 and 164 000 miles in 2017. After 45,000 miles, on March 15, 2018, the company traded in the Makt uas aualto its net baak alue on the dato ef tho i Requirements trade. Print Done Record the journal entry for depreciation expense in 2018 2. Determine Road's cost of the new truck 2018. Assume the 3. hange of assets c March Exchange had commercial substance. Print Done
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