Question
Sunland Corporation purchased a truck at the beginning of 2020 for $56,500. The truck is estimated to have a salvage value of $2,260 and a
Sunland Corporation purchased a truck at the beginning of 2020 for $56,500. The truck is estimated to have a salvage value of $2,260 and a useful life of 180,800 miles. It was driven 25,990 miles in 2020 and 35,030 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
| Depreciation expense for 2020 | ||
|---|---|---|
| Depreciation expense for 2021 |
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
