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Sunland Company purchased a delivery truck for $36,000 on January 1, 2022. The truck has an expected salvage value of $6,000, and is expected to
Sunland Company purchased a delivery truck for $36,000 on January 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,200 in 2022 and 11,200 in 2023. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (1) Straight-line method (2) Units-of-activity method (3) $ 2022 Depreciation Expense $ Double-declining-balance method $ $ 2023
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