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Enamour Company purchased a new car for use in its business on January 1, 2017 It paid $27.000 for the car. Enamour expects the car
Enamour Company purchased a new car for use in its business on January 1, 2017 It paid $27.000 for the car. Enamour expects the car to have a useful life of four years with an estimated residual value of zero. Enamour expects to drive the car 10,000 miles during 2017. 15,000 miles during 2018, 60,000 miles in 2019, and 95,000 miles in 2020, for total expected miles of 180,000 Read the requirements (Complete all answer boxes. Enter a "0" for any zero values.) Units-of-production method Annual Depreciation Expense Year Accumulated Depreciation Book Value Start 2017 2018 2019 2020 Requirements X Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the car for each of the four years of its expected life (do not round here; use three decimal places for the depreciation cost per mile) a. Depreciation expense b. Accumulated depreciation balance c. Book value Print Done
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