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Check my werk 9 1 Exercise 7-15A Determine activity-based depreciation (LO7-4) Tasty Subs acquired a delivery truck on October 1, 2021. for $22.200. The company
Check my werk 9 1 Exercise 7-15A Determine activity-based depreciation (LO7-4) Tasty Subs acquired a delivery truck on October 1, 2021. for $22.200. The company estimates a residual value of $2.400 and a six- year service life. It expects to drive the truck 110.000 miles. Actual mileage was 5.800 miles in 2021 and 20,600 miles in 2022 Required: Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations.) Skipped 2021 2022 Depreciation expense Mc Graw Hill Chapter 7 Homework Help Save & Submit Check my work 10 Part 1 of 2 Required information Exercise 7-16A Record amortization expense (LO7-5) [The following information applies to the questions displayed below) On January 1 2021, Weaver Corporation purchased a patent for $228,000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. In January 2023, the company incurred legal fees of $48.000 in successfully defending a parent infringement suit. The successful defense did not change the company's estimate of useful life. Weaver Corporation's year-endis December 31, 05 points Spoed Exercise 7-16A Part 1 Required: 1. Record the purchase in 202t amortization in 2021: amortization in 2022: legal fees in 2023. and amortization in 2023. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) References 10 Required information JUMI | ai city vui nee Part 1 of 2 4 5 > Record the patent purchase 05 portes Skipped Note: Enter bits before credits Date Januwy 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal 10 Required information JULIAI IL Y WUIRIR Part 1 of 2 Record amortization on the patent. 0.5 Sipped Note: Enter debits before credits Date General Journal Debit Credit Book December 31, 2021 Record entry Clear entry View general Journal JULI HII IL Y WURDE Record amortization on the patent. ped Note: Enter debits before credits. Date December 31, 2022 General Journal Debit Credit Record entry Clear entry View general Journal 10 Required information JULIIGI GRILY WUINITEL Record legal fees on the patent infringement suit. 05 Skloped Note: Enter debits before credits Date January 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal Mc Graw HII 10 Required information JuurGI SIILI Y WUINDI Part 1 of 2 5 Record amortization on the patent 05 Note Enter debits before credits General Journal Debit Credit Date December 31, 2023 References Record entry Clear entry View general journal Mc Graw Hall
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