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On January 1, Year 1. Flora's Flower Shop purchased a delivery van for $28,000. The estimated useful life of the van is 6 years or
On January 1, Year 1. Flora's Flower Shop purchased a delivery van for $28,000. The estimated useful life of the van is 6 years or 100,000 miles, and the salvage value is set at $4,000. Actual mileage driven was 15.000 miles in Year 1 and 20,000 miles in Year 2 3.33 pts Assuming Flora's uses the units of production method to calculate depreciation, accumulated depreciation at December 31, Year 2 is O $8,400 O $5,000 $8,750 O $5,600
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