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Barbs Florists purchased a small delivery truck on April 1, 2012 Cost = $ 150,000 Expected salvage value = $ 10,000 Estimated useful life in
Barbs Florists purchased a small delivery truck on April 1, 2012
Cost = $150,000
Expected salvage value = $10,000
Estimated useful life in years=10
Estimated useful life in miles =300,000
Miles driven per year.
Year | Miles |
1st year | 55,000 |
2nd year | 86,000 |
3rd Year | 42,000 |
4th year | 38,000 |
5th year | 32,000 |
6th year | 47,000 |
Total | 100,000 |
Prepare the table of deprecation through straight line method, unit of activity method and declining balance method.
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