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Hello, I've been out of class from a surgery. So, I'm behind and need help with this week's homework. You must show your work when
Hello, I've been out of class from a surgery. So, I'm behind and need help with this week's homework.
You must show your work when answering the problem 1 The company bought a delivery truck for their business. They use the activity depreciation method and gave you the following data Date of purchase Cost of truck Salvage value Total miles for the life of the truck 28-Feb-18 $62,000 $4,000 200,000 Miles driven in March 2018 2,100 2,800 Miles driven in April 2018 Required Calculate the depreciation per mile Calculate the depreciation for March and April Prepare the depreciation journal entry for March Calculate the book value for April 30, 2018 2 The company bought new equipment and provided you with the data for the equipment Date of purchase Cost of equipment Salvage value Useful life Depreciation method 2-Jan-17 $53,000 $3,000 5 years Straight line Required Prepare the depreciation schedule for the equipment Prepare the depreciation journal entry for March 2018 Determine the book value of the equipment Dec 31, 2022Step by Step Solution
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