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I have plugged the final year of the excersie by taking the beginning year book value of year five, 12,242 - 4,000 residual value to
I have plugged the final year of the excersie by taking the beginning year book value of year five, 12,242 - 4,000 residual value to equal 8,242 to bring accumalted depreciation to 4,000.
3 Required information Exercise 11-1 (Algo) Depreciation methods [LO11-2) The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52.000. At the end of its five-year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 165,000 miles Part 3 of 10/12.5 points awarded Required: Calculate annual depreciation for the five-year life of the van using each of the following methods Scored Exercise 11-1 (Algo) Part 3 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Year Miles Depreciation 2021 31,000 $ 9,018 2022 33,000 9,570 2023 44,000 12,760 2024 29,000 8.410 2025 30,000 8,242 X Total $ 48,000 Redat incluso response was expected in a color formulated calculation is incorrect heint deducted Step by Step Solution
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