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William's, a popular pizza hang out, has a thriving delivery business. William's has a fleet of three delivery automobiles. Prior to making the entry for
William's, a popular pizza hang out, has a thriving delivery business. William's has a fleet of three delivery automobiles. Prior to making the entry for this year's depreciation expense, the subsidiary ledger for the fleet is as follows: Car Cost Accumulated Depr.Beg. of the Year $2,100 1.890 2.000 Salvage Value $5,000 4,000 2,500 1 Miles Operated During Year 20.000 22.000 19.000 Estimated Life in Miles 90,000 72,000 84.000 $34,700 24,880 23,500 2. 3 Determine the depreciation rates per mile for each car. (Round answers to 2 decimal places, eg. 15.25.) Car 1 $ per mile Car 2 S S per mile W Car 3 $ per mile List of Accounts Determine the Depreciation Expense for each car for the current year. Depreciation Expense $ Car 1 Car2 $ Car3 $ List of Accounts
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