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Burger Chef acquired a delivery truck on March 1, 2024, for $21,600. The company estimates a residual value of $2,400 and a six-year service
Burger Chef acquired a delivery truck on March 1, 2024, for $21,600. The company estimates a residual value of $2,400 and a six-year service life. It expects to drive the truck 64,000 miles. Actual mileage was 12,100 miles in 2024 and 15,500 miles in 2025. Calculate depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end. (Do not round intermediate calculations.) Year Depreciation Expense 2024 2025
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
