Question: Wilson Mining WM purchased a truck on April 1 for

Wilson Mining (WM) purchased a truck on April 1 for $98,500. WM expected the truck will be used for 5 years and to have a residual value of $3,500. WM expects the truck to be used for 125,000 kilometers: first year, 23,000 km; second year, 28,500 km; third year, 26,400 km; the fourth year, 24,500 km; and the fifth year, 22,600 km.
Compute the annual depreciation amount using three different depreciation methods by filling in the following table:

Sale on SolutionInn
  • CreatedJuly 08, 2015
  • Files Included
Post your question