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Pronghorn Company purchased a delivery truck for $26,000 on
January 1, 2020. The truck has an expected salvage value of $1,280,
and is expected to be driven 103,000 miles over its estimated
useful life of 10 years. Actual miles driven were 12,700 in 2020
and 10,200 in 2021.
a. Calculate depreciation expense per mile under
units-of-activity method. (Round answer to 2 decimal
places, e.g. 0.50.)
Depreciation expense
$
per mile
b. Compute depreciation expense for 2020 and 2021 using (1)...
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Concord Corporation purchased a delivery truck for $36,800 on January 1, 2020. The truck has an expected salvage value of $1,800, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 13,500 in 2020 and 13,000 in 2021. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile e Textbook and Media List of Accounts Compute depreciation expense for...
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Exercise 10-07 a1-b2
Concord Company purchased a delivery truck for $29,000 on
January 1, 2020. The truck has an expected salvage value of $1,000,
and is expected to be driven 100,000 miles over its estimated
useful life of 10 years. Actual miles driven were 12,300 in 2020
and 13,200 in 2021.
Your answer is correct.
Calculate depreciation expense per mile under units-of-activity
method. (Round answer to 2 decimal places, e.g.
0.50.)
Depreciation expense
$
per mile
SHOW LIST OF ACCOUNTS...
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Whispering Winds Company purchased a delivery truck for $25,000 on January 1, 2020. The truck has an expected salvage value of $3,160, and is expected to be driven 104,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,000 in 2020 and 11,500 in 2021 (a1) Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense0.21 per mile Attempts: 1 of 15 used *(a2)...
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Bridgeport Company purchased a delivery truck for $27,000 on
January 1, 2020. The truck has an expected salvage value of $1,500,
and is expected to be driven 102,000 miles over its estimated
useful life of 10 years. Actual miles driven were 12,800 in 2020
and 14,300 in 2021.
Compute depreciation expense for 2020 and 2021 using (1) the
straight-line method, (2) the units-of-activity method, and (3) the
double-declining-balance method. (Round depreciation
cost per unit to 2 decimal places, e.g. 0.50...
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Question 19 View Policies Current Attempt in Progress Novak Company purchased a delivery truck for $27,000 on January 1, 2020. The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 13,400 in 2020 and 13,900 in 2021. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile eTextbook and Media...
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Question 19 --/1 View Policies Current Attempt in Progress Novak Company purchased a delivery truck for $27,000 on January 1, 2020. The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 13,400 in 2020 and 13,900 in 2021. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile eTextbook and...
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Exercise 9-7 Linton Company purchased a delivery truck for $30,000 on January 1, 2017. The truck has an expected salvage value of $2,600, and is expected to be driven 102,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,000 in 2017 and 12,000 in 2018. Calculate depredation expense per mile under units-of-activity method. (Round answer to 2 declmal place e.g. 0.52.) Depreciation expense per mile SHOW LIST OF ACCOUNTS LINK TO TEXT Compute depreciation expense...
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Tamarisk, Inc. purchased a delivery truck for $29,200 on January
1, 2019. The truck has an expected salvage value of $2,200, and is
expected to be driven 100,000 miles over its estimated useful life
of 8 years. Actual miles driven were 16,100 in 2019 and 12,800 in
2020.
A. Calculate depreciable cost per mile under units-of-activity
method.
B.Compute depreciation expense for 2019 and 2020 using (1) the
straight-line method, (2) the units-of-activity method, and (3) the
double-declining-balance method. (Round depreciable...
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Question 2
Grouper Company purchased a delivery truck for R$34,700 on
January 1, 2017. The truck has an expected residual value of
R$5,300, and is expected to be driven 100,600 miles over its
estimated useful life of 9 years. Actual miles driven were 15,000
in 2017 and 12,200 in 2018.
Calculate depreciable cost per unit. (Round answers
to 2 decimal places, e.g. 0.50.)
Depreciable cost per unit
R$
per mile
Compute depreciation expense for 2017 and 2018 using the
straight-line...