Homework Answers
d - 1
Retained Earnings = Total Revenues - Accumulated Depreciation
Total Revenues for 4 Years = $47,000 * 4
= $188,000
Accumulated Depreciation = Cost - Salvage value
= $58,000 - $6,000
= $52,000
Retained Earnings = $188,000 - $52,000
= $136,000
| Retained Earnings | |
| Company A | $136,000 |
| Company B | $136,000 |
| Company C | $136,000 |
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6: Operational Assets, Natural Resources, Intal Check my work 6 Required Information [The following information applies...
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Sted Help Save & Exit Submit 6: Operational Assets, Natural Resources, Intan... 0 Check my work 5 Part 3 of 5 Required Information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019, 50,000 miles in 2020, and...
6: Operational Assets, Natural Resources, Intan... Saved Help Save & Exit Submit Check my work 4...
6: Operational Assets, Natural Resources, Intan... Saved Help Save & Exit Submit Check my work 4 Part 2 of 5 8.5 Required Information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019,50,000 miles in 2020, and 73,000...
al Assets, Check my Required information [The following information applies to the questions displayed below.] Three...
al Assets, Check my Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019, 50,000 miles in 2020, and 73,000 miles in 2021. Each of the three companies earned $47,000 of cash revenue during each of...
Any work provided would be appreciated. Che Required information [The following information applies to the questions...
Any work provided would be appreciated.
Che Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $80,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $4,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019,50,000 miles in 2020, and 70,000 miles in 2021. Each of the three companies earned $69,000 of cash revenue during...
Required information [The following information applies to the questions displayed below] Three different companies each purchased...
Required information [The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77,000 miles In 2018, 57,000 miles In 2019,52,000 miles In 2020, and 72.000 miles in 2021. Each of the three companies earned $77.000 of cash revenue during each of the four years. Company A...
Any help would be appreciatated work A Saved Required information (The following information applies to the...
Any help would be appreciatated
work A Saved Required information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $80,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $4,000. All three trucks were driven 78,000 miles in 2018 55,000 miles in 2019,50,000 miles in 2020, and 70,000 miles in 2021. Each of the three companies earned $69,000 of cash revenue...
Required information [The following information applies to the questions displayed below.) Three different companies each purchased...
Required information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $70,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in 2018, 41,000 miles in 2019, 39,000 miles in 2020, and 61,000 miles in 2021. Each of the three companies earned $59,000 of cash revenue during each of the four years. Company...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250.000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77.000 miles in 2018. 57,000 miles in 2019, 52,000 miles In 2020, and 72000 miles In 2021. Each of the three companies earned $77.000 of cash revenue during each of the four years. Company...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77.000 miles In 2018, 57,000 miles in 2019,52,000 miles In 2020, and 72,000 miles in 2021. Each of the three companies earned $77,000 of cash revenue during each of the four years. Company A...
Required Information [The following information applies to the questions displayed below.] Three different companies each purchased...
Required Information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77,000 miles in 2018. 57.000 miles in 2019,52,000 miles in 2020, and 72.000 miles in 2021. Each of the three companies eamed $77,000 of cash revenue during each of the four years. Company A...
Sted Help Save & Exit Submit 6: Operational Assets, Natural Resources, Intan... 0 Check my work 5 Part 3 of 5 Required Information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019, 50,000 miles in 2020, and...
6: Operational Assets, Natural Resources, Intan... Saved Help Save & Exit Submit Check my work 4 Part 2 of 5 8.5 Required Information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019,50,000 miles in 2020, and 73,000...
al Assets, Check my Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $58,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019, 50,000 miles in 2020, and 73,000 miles in 2021. Each of the three companies earned $47,000 of cash revenue during each of...
Any work provided would be appreciated.
Che Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $80,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $4,000. All three trucks were driven 78,000 miles in 2018, 55,000 miles in 2019,50,000 miles in 2020, and 70,000 miles in 2021. Each of the three companies earned $69,000 of cash revenue during...
Required information [The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77,000 miles In 2018, 57,000 miles In 2019,52,000 miles In 2020, and 72.000 miles in 2021. Each of the three companies earned $77.000 of cash revenue during each of the four years. Company A...
Any help would be appreciatated
work A Saved Required information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $80,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $4,000. All three trucks were driven 78,000 miles in 2018 55,000 miles in 2019,50,000 miles in 2020, and 70,000 miles in 2021. Each of the three companies earned $69,000 of cash revenue...
Required information [The following information applies to the questions displayed below.) Three different companies each purchased trucks on January 1, 2018, for $70,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in 2018, 41,000 miles in 2019, 39,000 miles in 2020, and 61,000 miles in 2021. Each of the three companies earned $59,000 of cash revenue during each of the four years. Company...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250.000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77.000 miles in 2018. 57,000 miles in 2019, 52,000 miles In 2020, and 72000 miles In 2021. Each of the three companies earned $77.000 of cash revenue during each of the four years. Company...
Required Information (The following information applies to the questions displayed below] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77.000 miles In 2018, 57,000 miles in 2019,52,000 miles In 2020, and 72,000 miles in 2021. Each of the three companies earned $77,000 of cash revenue during each of the four years. Company A...
Required Information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $88.000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $6.000. All three trucks were driven 77,000 miles in 2018. 57.000 miles in 2019,52,000 miles in 2020, and 72.000 miles in 2021. Each of the three companies eamed $77,000 of cash revenue during each of the four years. Company A...
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