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Blossom Company purchased a delivery truck for $46,500 on January 1, 2022. The truck has an expected salvage value of $11,500, and is expected to
Blossom Company purchased a delivery truck for $46,500 on January 1, 2022. The truck has an expected salvage value of $11,500, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,300 in 2022 and 10,700 in 2023. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ e Textbook and Media List of Accounts Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (1) (2) (3) Straight-line method Units-of-activity method $ $ per mile Double-declining-balance method $ 2022 Depreciation Expense $ 15 S 2023
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