Question

Steve company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 10,000 hours of operation. The tractor was purchased on january 1, 2019 and was used 2,400 hours in 2019 and 2,100 hours in 2020. On january 1, 2021, the company decided to sell the tractor for $70,000. Steve uses the units-of-production method to account for the depreciation on the tractor.

Answer 1

Answer:

I drove my tractor through your haystack last night (ooh aah ooh aah)

I threw me pitchfork at your dog to keep quiet (ooh aah ooh aah)

Now something's telling me

That you'm avoiding me

Come on now darling you've got something I need

Cuz I got a brand new combine harvester

An' I'll give you the key

Come on now let's get together

In perfect harmony

I got twenty acres

An' you got fortythree

Now I got a brand new combine harvester

An' I'll give you the key

She made I laugh ha ha

I'll stick by you, I'll give you all that you need

We'll 'ave twins and triplets

I'm a man built for speed

And you know I'll love you darlin'

So give me your hand

But what I want the most

Is all they acres of land

Cuz I got a brand new combine harvester

An' I'll give you the key

Come on now let's get together

In perfect harmony

I got twenty acres

An' you got forty-three

Now I got a brand new combine harvester

An' I'll give you the key