Question
Burger Chef acquired a delivery truck on March 1, 2021, for $19,400. The company estimates a residual value of $2,000 and a four-year service life.
Burger Chef acquired a delivery truck on March 1, 2021, for $19,400. The company estimates a residual value of $2,000 and a four-year service life. It expects to drive the truck 87,000 miles. Actual mileage was 13,900 miles in 2021 and 13,300 miles in 2022. Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end. (Do not round intermediate calculations.)
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
