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Hadicke Company purchased a delivery truck on January 1, 2019 Cost of Truck $35,000 Expected residual value $10,000 Estimated useful life in years 5 years

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Hadicke Company purchased a delivery truck on January 1, 2019 Cost of Truck $35,000 Expected residual value $10,000 Estimated useful life in years 5 years Straight-line depreciation rate 20% Estimated useful life in miles 100,000 miles Miles operated in first year 18,000 miles Instructions a Compute depreciation expense and prepare journal entry using the straight-line method for the first year b Determine the depreciation expense per mile, compute depreciation expense and prepare journal entry using the units-of- activity method for the first year c Compute depreciation expense and prepare journal entry using the declining-balance method for the first year AB

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