Question
Small Delivery truck Purchased by Bills Pizzas on January 1, 2004 Cost $ 13,000 Expected Salvage Value 1,000 Estimated useful life (in Years) 5 Estimated
Small Delivery truck Purchased by Bills Pizzas on January 1, 2004
Cost $ 13,000
Expected Salvage Value 1,000
Estimated useful life (in Years) 5
Estimated useful life (in Miles) 100,000
Required
a- Computing depreciation under straight-line depreciation Methods. (Show the detail calculation for each year)
b- Computing depreciation under Double-Declining Balance Depreciation (Show the detail calculation for each year)
c- Computing depreciation under Units-of-Activity assuming (Show the detail calculation for each year)
In 2004 15,000 miles.
In 2005 30,000 miles.
In 2006 20,000 miles.
In 2007 25,000 miles.
In 2008 10,000 miles
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