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Sheffeld Corp purchaved a belivery truck for 540,500 an January 1,2022 . The truck has an expected salvabe value of 58.500 , and is expected
Sheffeld Corp purchaved a belivery truck for 540,500 an January 1,2022 . The truck has an expected salvabe value of 58.500 , and is expected to be driven 100,000 miles ever its estimated usefullife of 10 vears. Actual miles driven were 16,800 in 2022 and 1.2,600 in 2003. (a1) Your answer is correct. Calculate depreciable coss per mile under units of - activity method. Round antwer to 2 decimd ploces, es 0.503 5 per mile eTextbook and Media List of Accounts Attemptx: 1 of 3 used (a2) Compute depreciation expense for 2022 and 2023 using {11 the straight line method, 125 the units-of activity method and c3 the dsuble-decliniretalance method. (b1) Aswome that Shefleld uses the straiphe-line method. Prepare the journal entry to record 2022 depreciationexpense. ICrelit account blow and enter ofor the amounts
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