Velocity Logistics purchased 40 trucks at a cost of $60,000 each. Each truck is estimated to be driven a total of 100,000 miles and then be sold for an estimated $12,000. In Year 1, the trucks were driven 3,200,000 miles. Calculate the depreciation for Year 1 using the units of production (activity-based) depreciation method. Show all your work.
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- Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method and in year one it expects to use the truck for 23,000 miles. Calculate the annual depreciation expense.Calculate the depreciation for Year 1 using the units-of-production (activity-based) depreciation method. 40 service trucks were purchased at a cost of $38,000 each. Each truck is estimated to be driven a total of 80,000 miles and then be sold for an estimated $8,000. In Year 1, the trucks were driven 1,120,000 miles. HELP me with thisCalculate the depreciation for Year 1 using the units-of-production (activity-based) depreciation method. 40 service trucks were purchased at a cost of $38,000 each. Each truck is estimated to be driven a total of 80,000 miles and then be sold for an estimated $8,000. In Year 1, the trucks were driven 1,120,000 miles.
- Copy equipment was acquired at the beginning of the year at a cost of $25,200 that has an estimated residual value of $2,300 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,145,000 copies. This year, 246,000 copies were made. a. Determine the depreciable cost. b. Determine the depreciation rate. Round your answer to two decimal places. per copy c. Determine the units-of-activity depreciation for the year. LA ?The useful life of a milling machine costing Php 500,000 and a scrap value of Php 10,000 is estimated to be 104,000 units of product and the number of units produced each year is estimated as follows: 1st year: 25,500 units 2nd year: 23,000 units 3rd year: 19,800 units 4th year: 18,800 units 5th year: 16,900 units Use the product unit method to find the depreciation charge for each year. Construct a depreciation schedule.Copy equipment was acquired at the beginning of the year at a cost of $21,500 that has an estimated residual value of $2,000 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 975,000 copies. This year, 265,000 copies were made. a. Determine the depreciable cost. $ b. Determine the depreciation rate. Round your answer to two decimal places. $ per copy c. Determine the units-of-activity depreciation for the year.
- Copy equipment was acquired at the beginning of the year at a cost of $37,120 that has an estimated residual value of $3,400 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,124,000 copies. This year, 295,000 copies were made. a. Determine the depreciable cost. $4 b. Determine the depreciation rate. Round your answer to two decimal places. per copy c. Determine the units-of-output depreciation for the year. $4 %24 %24Copy equipment was acquired at the beginning of the year at a cost of $38,660 that has an estimated residual value of $3,500 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,172,000 copies. This year, 270,000 copies were made. a. Determine the depreciable cost. b. Determine the depreciation rate. Round your answer to two decimal places. per copy c. Determine the units-of-output depreciation for the year. Previous NextA copy machine cost $95,000 and has an estimated residual value of $5,000. It is expected to last about ten years and to make a total of 3,000,000 copies. 200,000 copies are made in Year 1, 300,000 in Year 2, and 450,000 in Year 3. Units-of-Activity depreciation is used.What is the balance in the Accumulated Depreciation account at the end of Year 3?
- A special-purpose machine is to be depreciated as a linear function of use (units-of-production method). It costs $35,000 and is expected to produce 150,000 units and then be sold for $5,000. Up to the end of the third year, it had produced 60,000 units, and during the fourth year it produced 18,000 units. What is the depreciation deduction for the fourth year and the BV at the end of the fourth year?A utility vehicle purchased by Knox industries should last 110,000 miles .  the accusation cost was 21,200 and the salvage value is 1,913. Using the units of production depreciation method given the annual usage information calculate the accumulated depreciation at the end of year to round your depreciation per unit to three decimal places run your answer to the nearest cent.  year one 22,029.  Your two 22,724.  Year 3 23,420. year 4 23,188.  Answer key A.3,976.70 B.4,098.50 C.7,831.78 D.13,368.23 White mountain supply company purchases warehouse shelving for 18,400. Shipping charges were $ 370 and assembly and set up amounted to $575. The shelves are expected to the last nine years and have a scrap value of $800. Use a straight line method of depreciation, answer the questions round your answer to the nearest cent. A- what is the annual depreciation expense in dollars of the shelving?  B-what is the accumulated depreciation in dollars after the third year? C-what is the book value of the shelving in dollars after the fifth year?