Accounting $1$A

Chapter $9-$ Long$-$Term Assets

Depreciation Calculations

Manderlee Cosmetics purchased a company van for $$80,000.$ The van is expected to have a residual value of $$10,000$ and useful life of $5$ years or $140,000$ miles. Calculate the depreciation expense under three the methods.

Miles driven for each of the five years:

year $125,000$ miles

year $240,000$ miles

year $350,000$ miles

year $415,000$ miles

year $510,000$ miles

$\backslash$table$[[,$Depreciation Expense$],[$Year$,$Straight$-$line Method,$\backslash$table$[[$Units of Production$],[$Method$]],\backslash$table$[[$Double$],[$Declining Balance Method$]]],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,],[$Total$,,,]]$