Flint Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an...
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Flint Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an expected salvage value of $2,740, and is expected to be driven 101,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,600 in 2022 and 13,100 in 2023. (a1) Your answer has been saved. See score details after the due date. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ (a2) 0.26 per mile Attempts: 1 of 1 used Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) (1) Straight-line method (2) Units-of-activity method (3) Declining-balance method Save for Later LA 6A 60 Depreciation Expense 2022 2023 $ +A $ $ Attempts: 0 of 1 used Submit Answer Flint Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an expected salvage value of $2,740, and is expected to be driven 101,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,600 in 2022 and 13,100 in 2023. (a1) Your answer has been saved. See score details after the due date. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ (a2) 0.26 per mile Attempts: 1 of 1 used Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) (1) Straight-line method (2) Units-of-activity method (3) Declining-balance method Save for Later LA 6A 60 Depreciation Expense 2022 2023 $ +A $ $ Attempts: 0 of 1 used Submit Answer
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