Aggie, inc. purchased a truck at a cost of $12,000. the truck has an estimate salvage value
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Question:
Aggie, inc. purchased a truck at a cost of $12,000. the truck has an estimate salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. If Aggie uses the units-of-activity method. what is the depreciation rate per hour for the equipment?
a. $1.00
b. $1.10
c. $.10
d. $.12
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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