Units-of-activity Depreciation A truck acquired at a cost of $495,000 has an estimated residual value of $27,900, has an estimated useful life of 54,000 miles, and was driven 4,300 miles during the year. Determine the following. f required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost (b) The depreciation rate (c) The units-of-activity depreciation for the year 467,100 per mile

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Units-of-activity Depreciation
A truck acquired at a cost of $495,000 has an estimated residual value of $27,900, has an estimated useful life of 54,000 miles, and was driven 4,300 miles during the
year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.
(a) The depreciable cost
(b) The depreciation rate
(c) The units-of-activity depreciation for the year
467,100
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per mile
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G
A
q 20 Tue Apr 4 15
19
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Transcribed Image Text:Bookmarks Window Help 0 14 eBook ACCT-2010-DEM01 Show Me How v2.cengagenow.com Check My Work 1 more Check My Work uses remaining. APR 4 C CengageNOWv2 | Online teaching and learning resourc... Units-of-activity Depreciation A truck acquired at a cost of $495,000 has an estimated residual value of $27,900, has an estimated useful life of 54,000 miles, and was driven 4,300 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost (b) The depreciation rate (c) The units-of-activity depreciation for the year 467,100 All work saved. 10- per mile tv Email Instructor G A q 20 Tue Apr 4 15 19 Cengage Learn Save and Exit Previous Submit Assignmen
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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