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Bonita Corporation purchased a truck at the beginning of 2020 for $54,500. The truck is estimated to have a salvage value of $2,180 and a
Bonita Corporation purchased a truck at the beginning of 2020 for $54,500. The truck is estimated to have a salvage value of $2,180 and a useful life of 174,400 miles. It was driven 25,070 miles in 2020 and 33,790 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
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