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The price of a corporate limo purchased by Bob's Limos was $42,900. Its salvage value after operating for 90,000 miles is $5,577. Based on the
The price of a corporate limo purchased by Bob's Limos was $42,900. Its salvage value after operating for 90,000 miles is $5,577. Based on the given annual usage, prepare a UOP (Units-of-Production) depreciation schedule, then enter the annual depreciation for year 5 as your answer. (Round all amounts to the nearest cent)
Years | Miles |
1 | 17,175 |
2 | 22,264 |
3 | 21,840 |
4 | 19,508 |
5 | 25,233 |
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