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Exercise 10-07 al-b2 (Part Level Submission) Bramble Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value
Exercise 10-07 al-b2 (Part Level Submission) Bramble Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,160, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,500 in 2020 and 14,700 in 2021. (at) Calculate depreciation expense per mile under units of activity method. (Round answer to 2 decimal places, c. 0.50.) (a2) Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units of activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.o. 0.50 and depreciation rate to O decimal places, e.g. 1596. Round finaaswers to decimal places, 0.0.2.125.) Depreciation Expense 2020 2021 (1) Straight line method (2) Units-of-activity method (3) Declining balance method Click if you would like to show Work for this question: Coen Show Works
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