The price of a utility vehicle purchased by Knox Industries was $21,300. Its salvage value after operating for 120,000 miles is $2.130. Based on the given annual usage, prepare a UOP depreciation schedule, then enter the annual depreciation for year 5 as your answer. Round all dollar amounts to the nearest cent. Year Mies 24.199 22.869 29.251
The price of a utility vehicle purchased by Knox Industries was $21,300. Its salvage value after operating for 120,000 miles is $2.130. Based on the given annual usage, prepare a UOP depreciation schedule, then enter the annual depreciation for year 5 as your answer. Round all dollar amounts to the nearest cent. Year Mies 24.199 22.869 29.251
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 3EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...
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This is business algebra please show your work so I can understand the question. Thank you
![Hint(s) | Check My Work
The price of a utility vehicle purchased by Knox Industries was $21,300. Its salvage value after operating for 120,000 miles is $2,130. Based on the given annual usage, prepare a UOP depreciation schedule, then enter the annual depreciation for year 5 as your answer.
Round all dollar amounts to the nearest cent.
Year
Miles
24,199
22,869
29,251
23,135
33,506
r~345](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f3c9089-9fb7-4781-855b-6615a698da74%2F2e499fc7-09f5-47d6-8c46-278040b10845%2Fumnj99o_processed.png&w=3840&q=75)
Transcribed Image Text:Hint(s) | Check My Work
The price of a utility vehicle purchased by Knox Industries was $21,300. Its salvage value after operating for 120,000 miles is $2,130. Based on the given annual usage, prepare a UOP depreciation schedule, then enter the annual depreciation for year 5 as your answer.
Round all dollar amounts to the nearest cent.
Year
Miles
24,199
22,869
29,251
23,135
33,506
r~345
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