Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Aug 2017 My Price 4.00

Safety Trucking Company

Safety Trucking Company uses the units-of-production (UOP) depreciation method because UOP best measures wear and tear on the trucks. Consider these facts about one Mack truck in the company’s fleet. When acquired in 2010, the rig cost $450,000 and was expected to remain in service for 10 years or 1,000,000 miles. Estimated residual value was $150,000. The truck was driven 82,000 miles in 2010, 122,000 miles in 2011, and 162,000 miles in 2012. After 45,000 miles in 2013, the company traded in the Mack truck for a less expensive Freightliner. Safety also paid cash of $22,000. Fair value of the Mack truck was equal to its net book value on the date of the trade.
Requirement
1. Determine Safety’s cost of the new truck. Journal entries are not required.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 03:08 PM My Price 4.00

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