Question

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) 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 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.) Depreciation Expense 2020 2021 (1) Straight-line method $ (2) Units-of-activity method (3) Declining- balance method $ $ +0- +0-

Answer 1

An Swer Ushaught line methol- salvage value COst depreciatior Expense pen annum щерu ufe $astoo- $3l60 2184 pen annum $ २६५ Unuts of actrty meltodl cost salrage vqlue Actual mlej diven deprecia tin Expense = Expe cted total mıley /asooo $3lx /x laDDo P FOT a0 ao Cou,000 $as20 For l04,000 १२५ा a) depreciation Expente pen mile = $RSD00- $3lbo loyooo 0a per mle

double declinıng balane method 1 useful life straight line meltod depredatio rate -Xloo .. Rate of double declinmg balane Qx lo. 20 depreciation for 2020 $a5Doo x 20'/. SDOO depreciation for 2031 Sooo-SDO0) X20 4000