1. BE.09.01.ALGO 2. BE.09.02.ALGO Units-of-activity Depreciation A truck acquired at a cost of $320,000 has an estimated residual value of $20,000, has an estimated useful life of 60,000 miles, and was driven 4,800 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. 3. BE.09.03.ALGO 4. BE.09.04.ALGO 5. BE.09.06.ALGO 6. BE.09.07.ALGO 7. BE.09.09.ALGO 8. EX.09.03.ALGO < 9. EX.09.06.ALGO 10. EX.09.07.ALGO 11. EX.09.11.ALGO 12. EX.09.15.ALGO 13. EX.09.18.ALGO (a) The depreciable cost $ 300,000 (b). The depreciation rate 0.2 X per mile (c) The units-of-activity depreciation for the year 960 X Feedback Check My Work Depreciable cost is the difference between the asset's initial cost and its residual value. The residual value is the estimated value at the end of the useful life. Annual units-of-activity depreciation allocates the cost of the asset equally over the expected productive capacity. Progress: 2/13 items Check My Work 2 more Check My Work uses remaining. Assignment Score: 10.26% Previous Next All work saved. Save and Exit Submit Assignment for Grading