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Patterson Company provided the following information on January 1, 2016: Vehicle cost 5,000,000 Useful life in years 5 Useful life in miles 100,000 Residual value

Patterson Company provided the following information on January 1, 2016:

Vehicle cost 5,000,000

Useful life in years 5

Useful life in miles 100,000

Residual value 1,000,000

Actual miles driven

2016 30,000

2017 20,000

2018 15,000

36. What is the depreciation for 2018 using the SYD method?

a. 1,000,000

b. 1,333,000

c. 800,000

d. 600,000

37. What is the accumulated depreciation on December 31, 2017 using the double declining

balance method?

a. 1,200,000

b. 1,600,000

c. 2,560,000

d. 3,200,000

38. What is the accumulated depreciation on December 31, 2018 using the miles driven?

a. 2,000,000

b. 2,600,000

c. 800,000

d. 600,000

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