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HELP ASAP PLEASEEE On January 2, 2024, Speedy Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in servico, Spoody
HELP ASAP PLEASEEE
On January 2, 2024, Speedy Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in servico, Spoody spent 54,000 painting it, $800 replacing tiros, and $4,200 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's annual mileage is expected to be 21,000 miles in each of the first four years and 16,000 miles in the fifth year--100,000 miles in total. In deciding which depreciation method to use, Harvey Warner, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance) Read the requirements Asset Depreciation for the Year Depreciable Useful Depreciation Accumulated Cost Life Expense Depreciation Book Date Cost Value 1-2-2024 12-31-2024 12-31-2025 Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. (Round depreciation expense per unit to two decimal places Depreciation per unit Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2024 12-31-2024 Book Value Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation 1-2-2024 Book Value 12-31-2024 Step by Step Solution
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