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You must show your work when answering the problem The company bought a delivery truck for their business.They use the activity depreciation method and gave
You must show your work when answering the problem
The company bought a delivery truck for their business.They use
the activity depreciation method and gave you the following data
Date of purchase 1-Jan-19
Cost of truck $62,000
Salvage value $4,000
Total miles for the life of the truck 200,000
Miles driven in March 2019 2,100
Miles driven in April 2019 2,800
Required
a Calculate the depreciation per mile
b Calculate the depreciation for March and April
c Prepare the depreciation journal entry for March
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