Question
On January 1, 2011, Zippity Do Dah Co, which uses UOP depreciation, purchases for $75,000, a truck with an estimated useful life of 200,000 miles
On January 1, 2011, Zippity Do Dah Co, which uses UOP depreciation, purchases for $75,000, a truck with an estimated useful life of 200,000 miles and a residual value of $8,000. Actual miles drive, by year, are 2011 (36,000); 2012 (39,000); 2013 (40,000); 2044 (45,000); 2055 (55,000). Depreciation expense for the truck in 2015 is:
a - $15,000
b - $18,425
c - $13,065
d - $13,400
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Auditing A Guide To Principles And Practice
Authors: J H Crowhurst
1st Edition
0304309052, 978-0304309054
