Business

Ashtyn Bass

22 January, 17:47

Grimwood trucking purchased a tractor trailer for $147,000. grimwood uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. salvage value is estimated to be $21,000. if the truck is driven 90,000 miles in its first year, how much depreciation expense should grimwood record?

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Grimwood trucking purchased a tractor trailer for $147,000. grimwood uses the units-of-activity method for depreciating its trucks and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Which of the following best explains why zoos are not affected by the threat of new entrants? A: Starting a zoo has a high entry cost B: Customers do not have a replacement activities C: Substitutes for attending the zoo are much lower quality D:

Carbonation increases alcohol absorption. True or False? Answer: True, it speeds it up

An increase in the price of a treewood equipment feller buncher, which is a commercial forestry machine made in the u. s. but not bought by u. s. consumers

During 2017, Cheyenne Corp. reported net sales of $2900000, net income of $890000, and depreciation expense of $110000.

Fantastic Snack Company has spent months developing a new type of snack chip, but the chips are not selling. Which of the following is the most likely mistake Fantastic Snack Company made? A. conserving too valuable resources B.

New Questions in Business

What two cpt codes describe a review of history, external examination, ophthalmoscopy, bio-microscopy for an acute complicated condition (e. g., iritis) not requiring comprehensive ophthalmological services?

Jeff is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to the volume he will sell monthly.

One might infer from a debit balance in allowance for doubtful accounts that

Lee has not been showing up to work on time. which work ethic is he lacking

Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory utilities. The company uses machine hours as its overhead allocation base.