Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SEXIE Question 21 4.75 pts 4 Rivers BBQ purchased a truck for $59,000 on 1/1 in Year 1. The truck is expected to have a

image text in transcribed
SEXIE Question 21 4.75 pts 4 Rivers BBQ purchased a truck for $59,000 on 1/1 in Year 1. The truck is expected to have a five-year life or last 100,000 miles and have a residual value of $10,000. The truck was driven as follows for year 1 & 2: Year 1 - 23,000 miles Year 2. 18.000 miles If 4 Rivers BBQ uses activity based depreciation method what will be the book value of the truck at the end of Year 2 on 12/31? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 D Question 22 4.75 pts On 1/1, the Duke Energy bought a single piece of equipment by paying $6,000 cash. They also incurred freight charges and taxes of $187 on 1/1 and paid for these items with cash. also. The market value of this equipment is $14.000. What amount should be recorded in Duke Energy's Equipment Account on 1/1? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only Input: 24123

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Quality Audit Has It Improved Quality Assurance In Universities

Authors: Mahsood Shah, Chenicheri Sid Nair

1st Edition

1843346761, 978-1843346760

More Books

Students also viewed these Accounting questions

Question

Ty e2y Evaluate the integral dy

Answered: 1 week ago

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago