Question
On January 1, 2020, Firm ABC acquired a delivery van that cost $60,000, has an expected useful life of 100,000 miles, and a residual value
On January 1, 2020, Firm ABC acquired a delivery van that cost $60,000, has an expected useful life of 100,000 miles, and a residual value of $10,000. The van was driven 29,000 miles in 2020 and 37,000 miles in 2021.
Accumulated depreciation at December 31, 2021 using the units-of-production depreciation method is:
| a. | $ 36,000 | |
| b. | $ 30,000 | |
| c. | $ 39,000 | |
| d. | $ 33,000 |
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Mary A. Meigs, Mark Bettner, Ray Whittington
10th Edition
0070433607, 978-0070433601
