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Marigold Company purchased a delivery truck for $34,000 on January 1, 2022. Th ck has an expected salvage value of $3,100, and is expected
Marigold Company purchased a delivery truck for $34,000 on January 1, 2022. Th ck has an expected salvage value of $3,100, and is expected to be driven 103,000 miles over its estimated useful life of 10 years. Actual miles driven wire 16.100 in 2022 and 11,700 in 2023. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile eTextbook and Media List of Accounts Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.) Depreciation Expense
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