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OOOO Friendly Florist buys a delivery van that costs $24.000 on 1/1/21. Friendly estimates that it will use the van for 10 years and get
OOOO Friendly Florist buys a delivery van that costs $24.000 on 1/1/21. Friendly estimates that it will use the van for 10 years and get 100.000 miles out of that will $4,000 salvage value at the end of those 10 years. During 2021. Friendly drives the van for 16.000 miles. Under the double decline balance depreciation method w much depreciation expense will Friendly record for 2021 $2,400 $4,000 $2.000 $4,800 31125 points Now assume Friendly Florist buys a delivery van that costs $24,000 on 3/31/21. and plans to use the units of activity depreciation method. Friendly estimates that it will use the van for 10 years and get 100,000 miles out of it, and that it will have a $4.000 salvage value at the end of those 10 years. During 2021, Friendly drives the van for 16,000 miles. Under the units of activity depreciation method, how much depreciation expense will Friendly record for 2021? $3,200 $2,880 $2,400 $3.840
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