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Ayayai Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,200, and is expected to
Ayayai Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,200, and is expected to be driven 110,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,700 in 2020 and 10,600 in 2021. (21) Your answer has been saved. See score details after the due date. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg. 0.50.) Depreciation expense $ 0.28 per mile Attempts: 1 of 1 used (a2) Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, eg. 15%. Round final answers to 0 decimal places, eg. 2,125.) (a2) Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) Depreciation Expense 2020 2021 (1) Straight-line method $ $ (2) Units-of-activity method $ $ (3) Declining-balance method $ $ Save for Later Attempts: 0 of 1 used Submit Answer (51)
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