Jack's, a popular pizza hang-out, has a thriving delivery business. Jack's has a fleet of three...

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Jack's, a popular pizza hang-out, has a thriving delivery business. Jack's has a fleet of three delivery automobiles. Prior to making the entry for this year's depreciation expense, the subsidiary ledger for the fleet is as follows: Accumulated Depr.-Beg. of the Year Miles Salvage Estimated Operated During Year Car Cost Value Life in Miles $21,000 $3,000 75,000 $2,520 20,000 18,000 2,400 60,000 2,340 22,000 23,500 2,500 70,000 2,000 19,000 3 Determine the depreciation rates per mile for each car. (Round answers to 2 decimal places, e.g. 15.25.) Car 1 per mile Car 2 per mile Car 3 %24 per mile %24 Determine the depreciation expense for each car for the current year. Depreciation Expense Car 1 $. Car 2 %24 Car 3 Jack's, a popular pizza hang-out, has a thriving delivery business. Jack's has a fleet of three delivery automobiles. Prior to making the entry for this year's depreciation expense, the subsidiary ledger for the fleet is as follows: Accumulated Depr.-Beg. of the Year Miles Salvage Estimated Operated During Year Car Cost Value Life in Miles $21,000 $3,000 75,000 $2,520 20,000 18,000 2,400 60,000 2,340 22,000 23,500 2,500 70,000 2,000 19,000 3 Determine the depreciation rates per mile for each car. (Round answers to 2 decimal places, e.g. 15.25.) Car 1 per mile Car 2 per mile Car 3 %24 per mile %24 Determine the depreciation expense for each car for the current year. Depreciation Expense Car 1 $. Car 2 %24 Car 3

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CALCULATION OF THE DEPRECIATION OF CAR 1 CAR 2 CAR 3 Purchase Cost of Car 1 21000 Less Salvage Value ... View the full answer