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Assume that the Benson Company purchased a delivery truck for $11,000 on January 1 2021 with an estimated salvage value of $1,000 at the end
Assume that the Benson Company purchased a delivery truck for $11,000 on January 1 2021 with an estimated salvage value of $1,000 at the end of its four-year service life. Benson Company expects to drive the truck purchased for 100,000 miles and that 30,000 miles are driven in the first year.
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Required: Compute depreciation expense using Unites of activity method for year ended December 31 2021.
Answer should be written in numbers only no , or $
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