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Exercise 9-7 (Part Level Submission) Swifty Corporation purchased a delivery truck for $28,000 on January 1, 2019. The truck has an expected salvage value of
Exercise 9-7 (Part Level Submission) Swifty Corporation purchased a delivery truck for $28,000 on January 1, 2019. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,500 in 2019 and 11,000 in 2020. (a1) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.26 per mile Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 2 of 15 used (a2) 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 depreciable cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to o decimal places, e.g. 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 (a2) 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 depreciable cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to O 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
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