Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50)
Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Swifty Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $1,000, and is
expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,800 in 2022 and 12,000 in
2023.
(a1)
Your answer is incorrect.
Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg. 0.50.)
Depreciation expense
$
per mile](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45ecc33f-dfe9-42b4-b789-0ac6bcbaaba1%2F1b3eddc9-8436-4dab-b116-d71c76a77aea%2Fyu7ck4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Swifty Company purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $1,000, and is
expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,800 in 2022 and 12,000 in
2023.
(a1)
Your answer is incorrect.
Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg. 0.50.)
Depreciation expense
$
per mile
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