Question
Linton Company purchased a delivery truck for $32,000on January 1, 2017. The truck has an expected salvage value of $1,200, and is expected to be
Linton Company purchased a delivery truck for $32,000on January 1, 2017. The truck has an expected salvage value of $1,200, and is expected to be driven108,000miles over its estimated useful life of5years. Actual miles driven were16,900in 2017 and11,800in 2018.
2017
2018
(1)Straight-line method$
$
(2)Units-of-activity method$
$
(3)Double-declining-balance method$
$
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
