Question: CALCULATOR PRINTER VERSION BACK NE Exercise 10-07 a1-b2 (Part Level Submission) Bramble Company purchased a delivery truck for $26,000 on January 1, 2020. The truck


CALCULATOR PRINTER VERSION BACK NE Exercise 10-07 a1-b2 (Part Level Submission) Bramble Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,160, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,500 in 2020 and 14,700 in 2021 (a2) Your answer is correct. Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-dedining-balance method. (Round depreciation cost per unit to 2 decimal places, e.o. 0.50 and depreciation rate to decimal places, e.g. 15 . Round final answers to decimal places .. 2.125.) Depreciation Expense 2020 2021 (1) Straight-line method (2) Units-of-activity method 35 338 (3) Declining-balance method Click if you would like to show Work for this question Open Show Work (62) Assume that Bramble uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to o decimal plac 2.125.) BRAMBLE COMPANY Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work
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