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Sarasota company purchased a delivery truck for $33,000 on january 1,2022. The truck has an expected salvage value of $1,680, and is expected to be
Sarasota company purchased a delivery truck for $33,000 on january 1,2022. The truck has an expected salvage value of $1,680, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,000 in 2022 and 11,300 in 2023. Calculate depreciation expense per mile under units of activity method.
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