Question
Hi ! I need help with this problem. If anyone could help me with it I would really apperciate it! Accounting isnt my best subject
Hi ! I need help with this problem. If anyone could help me with it I would really apperciate it! Accounting isnt my best subject and im really bad with numbers.
Exercise 9-7
Tanger Company purchased a delivery truck for $36,000 on January 1, 2014. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2014 and 12,000 in 2015.
Calculate depreciable cost per unit.
Answer: Depreciable Cost Per Unit is = 0.3 per mile.
Is that correct? And how do I go about doing this next equation
Question: Compute depreciation expense for 2014 and 2015 using the straight-line method, the units-of-activity method, and the double-declining-balance method.
If someone could help me! I would be really thankful! Im struggling in this area of accounting.
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