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Coronado Corporation purchased a truck at the beginning of 2020 for $56,000. The truck is estimated to have a salvage value of $2,240 and a
Coronado Corporation purchased a truck at the beginning of 2020 for $56,000. The truck is estimated to have a salvage value of $2,240 and a useful life of 179,200 miles. It was driven 25,760 miles in 2020 and 34,720 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Depreciation expense for 2020 | $enter a dollar amount | |
---|---|---|
Depreciation expense for 2021 |
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