Question

Using the activity method, calculate the first two years of depreciation expense for a vehicle that cost $32,000, has an estimated useful life of five years or 125,000 miles, and has an estimated salvage value of $2,500. The number of miles driven each year is as follows:
Year 1 ...... 25,000
Year 2 ...... 35,000
Year 3 ...... 15,000
Year 4 ...... 45,000
Year 5 ...... 5,000



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  • CreatedSeptember 01, 2014
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