Question
Portland Construction Company(PCC) bought a truck for $1,500,000. The company determined the residual of the truck will be $300,000 after a useful life of 5
Portland Construction Company(PCC) bought a truck for $1,500,000. The company determined the residual of the truck will be $300,000 after a useful life of 5 years. PCC estimated that the truck will be used for 300,000 miles over the 5-year period. If the truck was driven for 80,000 miles in year 1 and the company used the units of output method, what is the depreciation charge in year 1?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
