Carla Vista Company purchased a delivery truck for $ 36,000 on July 1, 2022. The truck has
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Carla Vista Company purchased a delivery truck for $36,000 on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Carla Vista uses the straight-line method of depreciation.
Compute depreciation expense for 2022 and 2023.
Depreciation Expense | ||||
2022 | 2023 | |||
Straight-line method | $ | $ |
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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