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Title No Spacing Heading 3 On January 1, 2016, Tremblay Transport purchased a $160,000 truck Tremblay plans on driving the truck for 400,000 kilometers. Expected
Title No Spacing Heading 3 On January 1, 2016, Tremblay Transport purchased a $160,000 truck Tremblay plans on driving the truck for 400,000 kilometers. Expected residual value for the truck is $40,000. On June 30, 2019, after having been driven 180 000 kilometers, the truck had an accident on the highway and Tremblay had to sell it for $42,000 cash. REQUIRED: Record the disposal of the truck on June 30, 2019, assuming the amortization expense for the truck to decembre 31, 2018 has already been recorded using the unit-of-production method and that the truck has been driven 20 000 km since then. 1. CALCULATIONS: 2. GENERAL JOURNAL DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT
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