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Depreciable cost per unit as per unit-of-activity method =($34,700-$5,300) / 100,600 miles =$0.29 per mile | |||
2017 | 2018 | ||
Straight Line method | $3,267 | $3,267 | |
($34,700-$5,300)/9 years | |||
Units of activity method | $4,350 | $3,538 | |
(15,000*$0.29)(12,200*$0.29) | |||
Declining balance method | $7,710 | $5,997 | |
(Depreciation rate =1/9 years*2 =22.22%) | |||
1 | |||
Account and explanation | Debit | Credit | |
Depreciation expenses | $3,267 | ||
Accumulated Depreciation-Equipment | $3,267 | ||
2 | Equipment,Cost | $34,700 | |
Less:Accumulated Depreciation | $3,267 | ||
Equipment,Net | $31,433 | ||
Question 2 Grouper Company purchased a delivery truck for R$34,700 on January 1, 2017. The truck...
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