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On January 1, 2005, the Townsra Pizzeria purchased a delivery truck for $16,000, that will be driven an estimated 100,000 miles. The truck has an
On January 1, 2005, the Townsra Pizzeria purchased a delivery truck for $16,000, that will be driven an estimated 100,000 miles. The truck has an estimated useful life of 10 years, and an estimated residual value of $5,000. Show each of the three methods of depreciation, completing a table for each one, for all 10 years. The miles driven in Year 1 were 10,000; year 2 5,000; year 3 10,000; year 45,000; year 5 10,000; year 6 7,500; year 7 10,000; year 8 5,000; year 9 15,000, and year 10 22,500 (Straight line, Double declining Production)
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