Homework Answers
Depreciation Per Unit = ( Cost - Salvage ) / Total Miles
= (100,000-10,000)/ 200,000
=0.45 Per Mile
1)
Depreciation for Year 1 = 0.45*60,000 = 27,000(Answer)
Depreciation for Year 2 = 0.45*90,000 = 40,500(Answer)
2)
Gain on Slae of Asset = Selling Price - Truck Caryying Value
Truck Carrying Value = 100,000-27,000-40,500 =32,500
=40.000 - 32,500 = $7,500 Gain (Answer)
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