Question
Tasty Subs acquired a food service truck on October 1, 2024, for $24,500. The company estimates a residual value of $3,700 and a four-year service
Tasty Subs acquired a food service truck on October 1, 2024, for $24,500. The company estimates a residual value of $3,700 and a four-year service life. It expects to drive the truck 130,000 miles. Actual mileage was 5,600 miles in 2024 and 20,200 miles in 2025.
Required:
Calculate depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end.
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Mathematics Of Finance An Intuitive Introduction
Authors: Donald G. Saari
1st Edition
3030254429, 978-3030254421
