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Winebulance Co. purchased a new van on 1-1-2019 for Estimated salvage value Estimated useful life Estimated total miles over the useful life Actual miles driven

Winebulance Co. purchased a new van on 1-1-2019 for Estimated salvage value

Estimated useful life

Estimated total miles over the useful life

Actual miles driven in 2019 Actual miles driven in 2020

84 000 4 000

4 years 160 000 miles 37 000 miles 45 000 miles

INSTRUCTIONS: Compute depreciation expense for the years 2019 and 2020 using each of the following methods:

1. Straight line

2. Units of Activity

3. Double declining balance

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