Please I need this question answer Accounting The Rockmart Construction Company delivers dirt and stone from localquarries to its construction sites. A new truck that was purchased for a cost of$118,000 at the beginning of the year was expected to deliver 118,000 tonsover Its useful life.The following Is a breakdown of the tons delivered during the year to eachconstruction site:Construction Sites A BCDTons Delivered1,800 3,300 3,800 1,300How much truck depreciation should be allocated to Site D?a. $15,039b. $1,300c. $1,180d. None of the above answers are correct.

Step 1:Define Overhead AllocationOverhead costs cannot be traced to the units produced physically…

Answered: The Rockmart Construction Company…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 4EA: Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is...

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The Flintstone Construction Company delivers dirt and stone from local quarries to its construction sites. A new truck that was purchased for a cost of $125,000 at the beginning of the year was expected to deliver 208,000 tons over its useful life. The following is a breakdown of the tons delivered during the year to each construction site: Construction Sites: Tons Delivered: Multiple Choice $20,246 $1,683 How much truck depreciation should be allocated to Site A? Note: Do not round Intermediate calculations. Round your answer to the nearest dollar. $1,250 2,800 None of the answers are correct. B 4,300 4,800 2,300
The Flintstone Construction Company delivers dirt and stone from local quarries to its construction sites. A new truck that was purchased for a cost of $122,000 at the beginning of the year was expected to deliver 122,000 tons over its useful life. The following is a breakdown of the tons delivered during the year to each construction site: Construction Sites: Tons Delivered: Multiple Choice $12,767 $1,400 A 1,400 How much truck depreciation should be allocated to Site A? (Do not round intermediate calculations. Round your answer to the nearest dollar.) $1,220 B 2,900 None of the answers are correct. с 3,400 D 900
A concrete and rock crusher for demolition work has been purchased for $60,000, and it has an estimated sv of $10,000 at the end of its five-year life. Engineers have estimated that the following units of production (in m3 of crushed material) will be contracted over the next five years. EOY 12 4 m3 16,000 24,000 36,000 16,000 8,000 Using the units of production depreciation method, what is the BV at the end of year two? Select one: O a $38,650 O b. $45,165 OC $42,500 Od $40,000
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Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $173,000. With additional options costing $14,000, the cost basis for depreciation purposes is $187,000. Its MV at the end of four years is estimated as $42,000. Assume it will be depreciated under the GDS: a. What is the cumulative depreciation through the end of year two? b. What is the MACRS depreciation in the third year? c. What is the BV at the end of year one?
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