A truck acquired at a cost of $285,000 has an estimated residual value of $14,100, has an estimated useful life of 43,000 miles,
1 answer:
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Answer:
$4230 is the correct answer to the given question .
Explanation:
As Mention in the question the sales revenue to the dishwashers = $94,000
Also the company estimated warranty expense cost is =4.5% of revenues,
Now the estimated warranty payable can be determined by the following formula
== $4230