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be driven 150,000 miles. Actual miles driven were 10000 in 2020; 60,000; 2021, 50000; 2022, 20000; 2023; 10000 2024 a. Prepare depreciation schedules for the
be driven 150,000 miles. Actual miles driven were 10000 in 2020; 60,000; 2021, 50000; 2022, 20000; 2023; 10000 2024
a. Prepare depreciation schedules for the following methods: (1) straight-line, (2) units-of-activity methods. (2+2=4 marks) b. Prepare the journal entry to record 2020 depreciation under (1) straight-line, (2) units-of-activity methods. (1+1=2 marks) c. Show how the truck would be reported in the December 31, 2020, balance sheet under (1) straight-line, (2) units-of-activity methods. (1+1=2 marks)
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