Resale Value

Do you dig sitting way up high above most other vehicles on the road? Love to go off-roading in an awesome high performance truck with a lift kit? You need a quality source for previously owned lifted trucks and Ole Ben Franklin Motors fits the bill as your respected Used Lifted Truck Dealer in Seymour. Our lifted trucks from trusted manufacturers like Jeep and Chevrolet are ready to take on whatever stretch of ground you prefer whether it be paved roads, rugged terrain, highways, dusty dirt trails and muddy rutty regions removed from civilization. Our used lifted trucks are a blast to drive and ready for all the adventure waiting down the road.

Ford Motor Company has award winning best in class towing and payload. A new feature that Ford has added to their

h. On July 1, 2012, the company purchased a new hauling van. Depreciation for July to December 2012 estimated to total $2,750, has not been recorded.

Vehicles can either be accounted for or not, and if they are accounted for they have a 5,000 dollar value

for a powerful and dependable truck that will meet the needs of the hardest working-man.

The capacity of the lot is 25 vehicles. The insured operates with at least 98% capacity filled. The maximum value of any one cares here is $5,000.00 with the average salvage car value being $1,000.00. The maximum value of all salvage vehicles here is $12,000.00. There is a

The new 2016 Ram 1500 is one of the best all-purpose pickup trucks currently on the market. It boasts advanced towing features such as Trailer Sway Control and Hill Start Assist. The truck can be purchased with one of three engines, a 305 Horsepower, 3.6 Liter V6, a 395 Horsepower V8, or a 240 Horsepower 3.0 Liter V6 with 21 city MPG.

(a) Compute depreciation expense for 2011 and 2012 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining balance method.

The methods of inventory valuation are different according to companies, but at the end of the day the chosen method should be

For my project I have picked a 2019 Ram Laramie Crew Cab. This truck has many great features; 4x4, crew cab, it has an 8-speed automatic transmission, the color is red-pearl exterior paint, the highway miles is 21 and the city miles is 15. I picked this truck because it is new, a truck, and I like the inside technology and the leather seats, as well as it having five seats, because I might have kids and there will be plenty of room. The cost is $53,220 adding tax it is $569,45.4.

7. Preston Corporation purchased a truck for $40,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $4,000 at the end of that time. During the second year, the truck was driven 27,500 miles. Compute the depreciation for the second year under each of the following methods: (a) straight-line, (b) production, and (c) double-declining-balance. (Show

Under GAAP when a company disposes of a long-term asset at a cost different from the book value of the asset the difference will require an adjustment to net income on the cash flow statement. The difference between the disposal price and book value is considered either a gain or loss. For example, if a vehicle has a cost of $20,000 less accumulated depreciation of $17,000 the book value will be the difference equating to $3,000. If the vehicle is disposed of for $3,500 the difference between the book value and disposal amount equates to $500. This $500 is recognized as a gain on the sale of the asset and increases net income. Using the same example if the asset sold for $2,000 a loss of

Rugged, stylish, comfortable, economic, and most of all, dependable. The Ford F-150 is the pickup truck that changed the nation. From its very beginning, the Ford truck has taken care of its owner’s necessities from hauling hay to visiting family and friends. Since its inception, the Ford Motor Company (FMC) has earned the loyalty of its customers. Most of all, the ford pickup truck has earned the respect of farmers, families, and businessmen alike. How did the FMC earn the loyalty of the people? By creating the highest value possible for its customers. Ford provided the most reliable and economical vehicle in its time.

3. Depreciation: The moment a product is sold it is considered as used product and price of the product is less. There are some exceptions to this rule as land; gold etc. usually appreciates over time. For other products customers are actually buying products that will depreciate over time.

Before we pulled into the dealerships parking lot, we set Mike’s parameters out. Mike was going to be interested in a brand new 2013 Ford F-150 pickup truck, while trading in his 2007 Jeep Grand Cherokee, and having upwards of $10,000 cash to put down as a down payment. Sure those numbers sound steep for a college student, but when in the market for a truck priced at over $40,000 MSRP, we had to make it appear somewhat reasonable for the lurking salesman.