1. Windsor Corporation purchased a truck at the beginning of 2020 for $54,000. The truck is estimated to have a salvage value of $2,160 and a useful life of 172,800 miles. It was driven 24,840 miles in 2020 and 33,480 miles in 2021.

Compute depreciation expense using the units-of-production method for 2020 and 2021.

a.Depreciation expense for 2020 $enter a dollar amount

b. Depreciation expense for 2021 $enter a dollar amount

2.Windsor Company purchased a computer for $8,640 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,080 salvage value. In 2021, the estimates are revised. Windsor now feels the computer will be used until December 31, 2022, when it can be sold for $540. Compute the 2021 depreciation. (Round answer to 0 decimal places, e.g. 45,892.)

Depreciation expense, 2021

$enter depreciation expense for 2018 in dollars rounded to 0 decimal places

3. Novak Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,003,740 on December 31. Compute Novaks weighted-average accumulated expenditures for interest capitalization purposes.

Weighted-Average Accumulated Expenditures

$enter the weighted-average accumulated expenditures for interest capitalization purpose