Question
: Darknight Traders purchased a delivery truck for $20,000 on January 1, 2017. The truck has an expected salvage value of $4,000 and is expected
: Darknight Traders purchased a delivery truck for $20,000 on January 1, 2017. The truck has an expected salvage value of $4,000 and is expected to be driven 160,000 miles over its estimated life of 4 years.
Actual miles driven were:
| Year | Miles Driven | Year | Miles Driven |
| 2017 | 40,000 | 2019 | 35,000 |
| 2018 | 60,000 | 2020 | 25,000 |
Requirements:
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Compute depreciation schedules for 2017, 2018, 2019 and 2020 using straight line method and units of activity method.
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Assuming Darknight Traders uses units of activity method depreciation. Give the journal entry for depreciation expense in December 31, 2018.
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The Social Audit Consumer Handbook A Guide To The Social Responsibilities Of Business To The Consumer
Authors: Charles Medawar
1978th Edition
0333216660, 978-0333216668
