Hour Cars and Trucks (HCT) offers hourly-rate car and truck rentals to customers in three cities Phoenix, Austin, and NY

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Hour Cars And Trucks Hct Offers Hourly Rate Car And Truck Rentals To Customers In Three Cities Phoenix Austin And Ny 1 (23.81 KiB) Viewed 26 times

Hour Cars And Trucks Hct Offers Hourly Rate Car And Truck Rentals To Customers In Three Cities Phoenix Austin And Ny 2 (24.75 KiB) Viewed 26 times

Hour Cars And Trucks Hct Offers Hourly Rate Car And Truck Rentals To Customers In Three Cities Phoenix Austin And Ny 3 (29.22 KiB) Viewed 26 times

Hour Cars and Trucks (HCT) offers hourly-rate car and truck rentals to customers in three cities Phoenix, Austin, and NYC. HCT's head office controls all new vehicle purchases but allows each location to set its own rental rates, determine its own depreciation expense, and obtain vehicle repair and maintenance services as the vehicles are used during the year. Each location has had the same number of vehicles and has not changed its rental rates since HCT started operations two years ago. The accounting supervisor in HCT's head office is preparing for HCT's December 31 year-end and has asked you the following questions Required: 1. If more miles are driven in Year 2 than in Year 1, what should happen to the given items on HCT's Income statement in Year 2 (as compared to Year 17 Choose increase, decrease, or stay constant. The Tableau deshboard below shows monthly rental revenue depreciation expense and repairs and maintenance expense for the three cities combined. You can use the filter options in the upper right comer of the dashboard to answer questions 2.4 about each location
Hour Cars and Trucks Financial Data by Location $450,000 Location (AMI) $400,000 $350,000 $300,000 $250,000 (U.S. Dollars) $200,000 $150,000 $100,000 $50,000 $0 Rental Revenue Depreciation Expense Repairs and Maintenance Expense
2. Using the filter options in the upper right corner of the Tableau dashboard, select NYC. Which depreciation method is used in this city? 3. Using the filter options in the upper right corner of the Tableau dashboard, select Austin Which depreciation method is used in this city? 4. Using the filter options in the upper right corner of the Tableau dashboard, select Phoenix. Notice the trend in the Repairs and Maintenance Expense account as compared to the trend in Depreciation Expense. Which of the given statements best explains the changes in these accounts? Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 If more miles are driven in Year 2 than in Year 1, what should happen to the following items on HCT's income statement in Year 2 (as compared to Year 1)? Choose increase, decrease, or stay constant Repairs and Straight-Line Units-of- Production Double-Declining Rental Revenue Maintenance Depreciation Depreciation Depreciation Expense Expense Expense Expense Red ! Required 2 >