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At December 31, 2013 Northstar Corp's balance sheet showed plant and equipment information as detailed in the schedule below. Northstar Corp calculates depreciation to the
At December 31, 2013 Northstar Corp's balance sheet showed plant and equipment information as detailed in the schedule below. Northstar Corp calculates depreciation to the nearest whole month Please complete the schedule Round depreciation per unit of production to the nearest cent Cost Information Depreciation Accum Dep. Dec Dep. Expense Accum. Dep. Dec. Description Purchase Date Depreciation Method Cost Residual Life 31, 2013 for 2014 31, 2014 Trucks May 2, 2012 Units of production 353,350 10,000 981,000 km There have been no disposals or subsequent capital expenditures on the asset since the date of purchase The kilometres the truck was actually driven were as follows: 2012 481,000 2013 168,000 2014 215,000 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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