Question
On January 1, 2016, Trusty Delivery Service purchased a truck at a cost of $ 95, 000. Before placing the truck in service, Trusty spent
On January 1, 2016, Trusty Delivery Service purchased a truck at a cost of $ 95, 000. Before placing the truck in service, Trusty spent $ 3 000 painting it, $1 200 replacing tires, and $ 9800 overhauling the engine. The truck should remain in service for five years and have a residual value of $ 10000. The truck's annual mileage is expected to be 26 000 miles in each of the first four years and 19 750 miles in the fifth year long dash 123,750miles in total. In deciding which depreciation method to use, Mikail Johnson, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance).
Prepare a depreciation schedule using the units-of production method (Enter the depreciation per unit to two decimal places, sx Units of Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Per Unit Units Date Cost Expense Depreciation Value 1-1-2016. 95.000 95000 1231-2016 12-312017 12-31-2013 12.31.2019 12-31-2020 Prepare a depreciation schedule using the double declining-balance (DDB) rnethod (Round depreciation expense to the nearest whole dollai) Double Declining Balance Depreciation Schedule Depreciation tor the Year Asset PDB Depreciation Accumulated Book value Expense Depreciation Dato Value Choose trom any ust or rmer any num in the inp at finlds an tnen onnt ma next quesnonStep by Step Solution
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