On January 1, 2018, the Excel Delivery Company purchased a delivery van for $33,000. At the end
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Calculate annual depreciation for the five-year life of the van using each of the following methods. Round all computations to the nearest dollar.
1. Straight line
2. Sum-of-the-years'-digits
3. Double-declining balance
4. Units of production using miles driven as a measure of output, and the following actual mileage:
Year __________________________Miles
2018 ................................. 22,000
2019 ................................. 24,000
2020 ................................. 15,000
2021 ................................. 20,000
2022 ................................. 21,000
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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