Homework Answers
Answer
11,070
Calculation:
| Truck | $ 65,800.00 |
| Machine | $ 37,600.00 |
| Building | $ 84,600.00 |
| Total Market value | $ 188,000.00 |
| Share of Truck in cost (180000/188000*65800) | $ 63,000.00 |
| Depreciable value (63000-7000) | $ 56,000.00 |
| Book value on 31 dec 23 | $ 35,777.00 |
| Depreciation of 2023 | $ 12,474.00 |
| Book value on 31 dec 22 | $ 48,251.00 |
| Depreciable value (63000-7000) | $ 56,000.00 |
| Depreciation of 2022 | $ 7,749.00 |
Depreciation = Depreciable value / Total miles * Miles in 2022
$ 7,749 = $ 56,000/80,000 * Miles in 2022
Miles in 2022 = 11,070
In case of any doubt, please comment.
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