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On January 1, 2016. Rapid Delivery Service purchased a truck at a cost of $80.000 Before placing the truck in service Rapid Spot 54.000 painting
On January 1, 2016. Rapid Delivery Service purchased a truck at a cost of $80.000 Before placing the truck in service Rapid Spot 54.000 painting it, 5600 replacing and ST 400 ghee The trucks remain in service for five years and have a residual value of 58.000 The truck's annual mileage as expected to be 30,000 miles in each of the follow years and 20.000 miles in the Sith you in te deciding which depreciation method to use. Andy Sargeant the general manager requests a depresion schedule for each of the depreciation methods (straight of production and double declining) Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost depreciation expense accumulated depreciation and asset book value Begin by preparing a depreciation schedule using the straight-line method Straight Line Depreciation Schedule Depreciation for the Year Assor Depreciable Useful Depreciation Accumulated Book Date COG Cost Life Expense Depreciation Value 1-1 2016 5 99.000 $ 92.000 12-01-2016 5 54.000 5 15.05 16.800 75200 12:31 2017 34000 5 years 15.000 33.600 58 400 12-31-2018 84000 Sye 16.000 50.400 41600 12.31. 2019 000 5 year 16,800 57.200 24 300 12.31-2020 14.000 5 years 51000 16.000 8000 Ramline the rindan shared then we are 5 years De 50,000 miles in each of deciding which depreciation method to use, Andy Sargeant, the general manager, requests a depreciation schedule for each of the deprec Cost Residual value ) Useful life in units Depreciation per unit 92,000 8,000 )/ 140,000 0.60 Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, $X.XX) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-1-2016 12-31-2016 12-31-2017 12-31-2018 X X 12-31-2019 12-31-2020 X Help me solve this Demodocs example Get more help
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