Question
Dailey purchased a used van for use in its business on January 1, 2020. It paid $18,000 for the van. Dailey expects the van
Dailey purchased a used van for use in its business on January 1, 2020. It paid $18,000 for the van. Dailey expects the van to have a useful life of four years, with an estimated residual value of $1,500. Dailey expects to drive the van 31,000 miles during 2020, 18,000 miles during 2021, 15,000 miles in 2022, and 101,000 miles in 2023, for total expected miles of 165.000. Read the requirements. (Complete all input fields. Enter a "0" for any zero values. Use three decimal places for the depreciation cost per mile) Units-of-production method Annual Depreciation Year Expense Accumulated Depreciation Book Value 18000 Start 2020 9000 9000 9000 4500 13500 4500 2021 2022 2250 15750 2250 2023 750 16500 1500
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