Business, 01.12.2021 18:30 tori362

Three different companies each purchased trucks on January 1, Year 1, for $50,000. Each truck was expected to last four years or 200,000 miles. The salvage value was estimated to be $5,000. All three trucks were driven 66,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 60,000 miles in Year 4. Each of the three companies earned $40,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows?

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Three different companies each purchased trucks on January 1, Year 1, for $50,000. Each truck was ex...

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