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Pronghorn Company purchased a delivery truck for $26,000 on January 1,2022 . The truck has an expected salvage value of $1,280, and is expected to
Pronghorn Company purchased a delivery truck for $26,000 on January 1,2022 . The truck has an expected salvage value of $1,280, and is expected to be driven 103,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,700 in 2022 and 10,200 in 2023. (a1) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile eTextbook and Media
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