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On January 1, Hampton Company paid $48,000 for a new delivery truck. salvage value t was estimated that the truck would be driven 100,000 miles
On January 1, Hampton Company paid $48,000 for a new delivery truck. salvage value t was estimated that the truck would be driven 100,000 miles during the next 5 years, at which time it would have a miles, respectively. $3,000. During the first and second years, the truck was driven 22,000 and 18,00 How much is accumulated depreciation using the activity (miles driven) method at the end of year 2? Accumulated depreciation
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