Question
WILL GIVE THUMBS UP IF ANSWERED ASAP Crown Construction purchased a new dump truck for $39,000 cash on January 1, 20Y3. The dump truck has
WILL GIVE THUMBS UP IF ANSWERED ASAP
Crown Construction purchased a new dump truck for $39,000 cash on January 1, 20Y3. The dump truck has an estimated useful life of 10 years and a salvage value of $1,500. Crown estimates it will operate the dump truck for 10,000 hours during its useful life. Crown used the dump truck 980 hours during 20Y3.
How much depreciation expense will Crown record in 20Y3 using each of the depreciation methods listed below? NOTE: Round your final answers to the nearest whole dollar. Include appropriate commas and no dollar signs (e.g. 1,000). You must show you work in order to get any credit for this problem.
Straight-Line Depreciation Expense for 20Y3 =
Double-Declining Balance Depreciation Expense for 20Y3 =
Units of Activity Depreciation Expense for 20Y3 =
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