Problem 27-23 (AICPA Adapted) January 1, 202O: Vehicle cost lseful life in miles Residual value Actual miles driven Uiseful life in years Patterson Company provided the following information on 000'0000 000'00 000'000' 2020 2022 000'08 What is the depreciation for 2022 using the SYD 000'0 15,000 method? a. 1,000,000 b. 1,333,000 000'009 P 2 What is the accumulated depreciation on December 31, 2021 using the double declining balance method? a. 1,200,000 b. 1,600,000 c. 2,560,000 d. 3,200,000 What is the accumulated depreciation on December 31, b. 2,600,000 C. 800,000 000'000'z '४ 2022 using the miles driven? 600,000

Problem 27-23 (AICPA Adapted) January 1, 202O: Vehicle cost lseful life in miles Residual value Actual miles driven Uiseful life in years Patterson Company provided the following information on 000'0000 000'00 000'000' 2020 2022 000'08 What is the depreciation for 2022 using the SYD 000'0 15,000 method? a. 1,000,000 b. 1,333,000 000'009 P 2 What is the accumulated depreciation on December 31, 2021 using the double declining balance method? a. 1,200,000 b. 1,600,000 c. 2,560,000 d. 3,200,000 What is the accumulated depreciation on December 31, b. 2,600,000 C. 800,000 000'000'z '४ 2022 using the miles driven? 600,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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