Mays Corporation purchased a new truck on January 1, Year 1 for $65,000 cash. The salvage value was estimated to be $10,000 at the end of the useful life of 5 years. On January 1, Year 3, Mays had to replace the engine of the truck paying $4,000 cash. At that time, Mays estimates that the truck will continue a productive life for another four years. The company uses the straight-line method. Required:a) Prepare the journal entry to record the cost of the new engine.b) Calculate the depreciation expense for Year 3.
What will be an ideal response?
a)
b) $9,250
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A. primary-demand B. immediate-response C. reminder D. comparative E. public relations
During the most recent year, an estate generated income of $26,000: Rental income$11,700Interest income 7,800Dividend income 6,500?Prepare a schedule to show the amount of federal income tax that must be paid.
What will be an ideal response?
When a person with a record of physical impairment is also contagious, is that person removed from coverage under Section 504?
Single-row functions return one row of results for each group or category of rows processed. _________________________
Indicate whether the statement is true or false