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1A) Motor Company purchased a vehicle for $66,000. The company expected the vehicle to last four years or 100,000 miles, with an estimated salvage value
1A) Motor Company purchased a vehicle for $66,000. The company expected the vehicle to last four years or 100,000 miles, with an estimated salvage value of $8,000 at the end of that time. During the second year, the vehicle was driven 27,000 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided. Units-of-activity Double-declining-balance Straight-line 1B) A machine that cost $36,000 and on which $26,500 of depreciation had been recorded was disposed of for $10,200. Record the entry for the disposal
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