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Exercise 9-7 (Part Level Submission) Cullumber Company purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of
Exercise 9-7 (Part Level Submission) Cullumber Company purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 13,700 in 2019 and 13,000 in 2020. (a1) Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense Click if you would like to Show Work for this question: Open Show Work 0.37 per mile SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (a2) Your answer is correct. Compute depreciation expense for 2019 and 2020 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.g. 0.50 and depreciation rate to 0 decimal places, e 15%. Round final answers to 0 decimal places, e.g. 2,125.) Depreciation Expense 2019 2020 (1) Straight-line method (2) Units-of-activity method (3) Double-declining-balance method Click if you would like to Show Work for this question: Open Show Work 4625 5069 481 9700 72 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used
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