Question
#4 (21 POINTS) Munoz Construction acquired the following plant assets on January 1, 2019. The delivery equipment was driven for 12,000 miles of its useful
#4 (21 POINTS) Munoz Construction acquired the following plant assets on January 1, 2019. The delivery equipment was driven for 12,000 miles of its useful estimated life of 100,000 miles. Compute depreciation for each of the assets for 2019 & 2020 Assets Cost Office Equipment Building Delivery equipment Residual Value $150,000 $5,000 $260,000 $20,000 20 years $120,000 $25,000 10 years Useful Life Depreciation Method 5 years Double-declining balance Straight-line Units-of-production **Show your math** a Office equipment b. Building 2019 2020 Delivery equipment
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