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At December 3 1 , 2 0 1 8 Holden Corp. ' s balance sheet showed plant and equipment information as detailed in the schedule
At December Holden Corp.s balance sheet showed plant and equipment information as detailed in the schedule below. Holden Corp. calculates depreciation to the nearest whole month.
Please complete the schedule. Round depreciation per unit of production to the nearest cent.
tableCost Information,DepreciationDescriptionPurchase Date,Depreciation Method,Cost,Salvage Value,Life,tableAccum Dep. Dec.tableDep Expensefor tableAccum Dep. Dec.TrucksNovember Unitsofproduction, miles,,,
There have been no disposals or subsequent capital expenditures on the asset since the date of purchase.
The miles the truck was actually driven were as follows:
:
:
:
For simplicity, assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated.
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