Question
On January 1, 2020, Jensen Corp. purchased a truck for $80,000, with an estimated useful life of 10 years and salvage of $10,000. Jensen uses
On January 1, 2020, Jensen Corp. purchased a truck for $80,000, with an estimated useful life of 10 years and salvage of $10,000. Jensen uses units of activity for depreciation, and mileage is their measure of activity for the truck. The total estimated mileage usage is 120,000 kilometres. What is the depreciation expense for 2023 if the truck was driven for 30,000 kilometers?
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
113396253X, 978-1133962533
