A truck costs $303,000 and is expected to be driven 115,000 miles during its five minus −year life. residual value is expected

Question

2 years ago

11

A truck costs $303,000 and is expected to be driven 115,000 miles during its five minus −year life. residual value is expected

to be zero. if the truck is driven 29,000 miles during the first year, how much depreciation should the business record under the units minus −of minus −production method? (round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

Business

1 answer:

vladimir1956 [14] · Answer 1 · 2023-05-07T22:27:39+03:00

vladimir1956 [14]2 years ago

6 0

100,000 depreciation for the first year

A truck costs​ $303,000 and is expected to be driven​ 115,000 miles during its five minus −year life. residual value is expected

A truck costs $303,000 and is expected to be driven 115,000 miles during its five minus −year life. residual value is expected