Question: help please On Jan 1, 2012, Roadrunner Supply placed into service lift truck that had a capitalized acquisition cost of $40,000, estimated useful life of
help please
On Jan 1, 2012, Roadrunner Supply placed into service lift truck that had a capitalized acquisition cost of $40,000, estimated useful life of 12 years, and estimated salvage value of $4,000 Banner deprecated the truck on a straight line basis until June 10, 2020, then sold the used in truck for $20.200 Accumulated depreciation on the sale date wa $ $25.500. What is the amount of in or loss that Roadrunner should recogitentera positive number for again or a negative number for a los
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
