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https://www.dummies.com/business/accounting/calculating-the-useful-life-of-a-fixed-asset/
Most accountants use the IRS estimates of useful life unless there’s something unique about the way the business uses its fixed assets, such as a trucking company whose trucks get used up more quickly than those used by a business for occasional deliveries.
https://www.worktruckonline.com/155754/determining-the-optimal-lifecycle-for-truck-fleets
Nov 18, 2014 · In medium-duty (Class 4 throig Class 7) trucks, diesel engines are typically rated with a usable life above 300,000 miles, and gasoline engines are built for up to around 200,000. “We examine client historical data or industry benchmarks and determine that, if we spec a diesel engine, we might expect to see some accelerated maintenance costs ...
https://www.usf.edu/administrative-services/documents/asbc-resources-field-equipment-replacement.pdf
These units are pulled by pickup’s, light dump trucks, and golf carts. The average useful life for a trailer is 15 years. Utility Trucks: These vehicles have truck chassis cabs that are fitted with various bodies e.g. boxes, tool and storage beds, etc. The average useful life range for …
https://answers.yahoo.com/question/index?qid=20160207082413AAUj6rz
Feb 07, 2016 · A fleet of refrigerated delivery trucks is acquired on January 5, 2015, at a cost of $1,030,000 with an estimated useful life of 8 years and an estimated salvage value of $92,700. Compute the depreciation expense for the first 3 years using the double-declining-balance method. (Round your answers to the nearest dollar.)
https://www.chegg.com/homework-help/questions-and-answers/yoshi-company-completed-following-transactions-events-involving-delivery-trucks-2016-jan-1-q25676505
Yoshi Company completed the following transactions and events involving its delivery trucks. 2016 Jan. 1 Paid $23,515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year Dec. 31 Recorded annual straight-line depreciation on the truck. 2017 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed life and a ...
https://www.chegg.com/homework-help/questions-and-answers/fleet-refrigerated-delivery-trucks-acquired-january-5-2015-cost-830-000-estimated-useful-l-q19967065
A fleet of refrigerated delivery trucks is acquired on January 5, 2015, at a cost of $830,000 with an estimated useful life of eight years and an estimated salvage value of $75,000. Compute the depreciation expense for the first three years using the double-declining-balance method.
https://answers.yahoo.com/question/index?qid=20141102103445AAQNaQq
Nov 02, 2014 · Delivery truck costs are recorded in the Trucks account. Dec. 31 Recorded annual straight-line depreciation on the truck. 2013 Dec. 31 Due to new information obtained earlier in the year, the truck’s estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,400.
https://www.michigan.gov/documents/UsefulLifeDisValue_60662_7.pdf
Useful Life and Disposal Value Table FSC No. ... 1670 Parachutes; Aerial Pickup, Delivery, Recovery Systems and Cargo Tie Down Equipment 7 5.52 1680 Misc. Aircraft Accessories and Components 7 1.92 1720 Aircraft Launching Equipment 25 1.91 1730 Aircraft Ground Servicing Equipment 20 3.12 1740 Airfield Specialized Trucks and Trailers 6.37 1915 ...
https://www.bartleby.com/solution-answer/chapter-11-problem-6p-intermediate-accounting-reporting-and-analysis-3rd-edition/9781337788281/borrell-company-purchased-four-delivery-trucks-on-january-2-2019-for-22000-each-borrell-expected/e0ca195c-8c54-11e9-8385-02ee952b546e
Borrell Company purchased four delivery trucks on January 2, 2019, for $22,000 each. Borrell expected two of the trucks to last 5 years and have a residual value of $3,500 each. The other two trucks had an expected life of 8 years and no residual value. Borrell uses …
https://mgmt026.files.wordpress.com/2014/11/mgmt-026-chapter-10-hw.pdf
A fteet of refrigerated delivery trucks is acquired on January 5, 2013, at a cost of $830,000 with an estimated useful life of eight years and an estimated :salvage value of $75,000. Compute the depreciation expense for the first three years using the double-declining-balance method.File Size: 950KB
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