Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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General accounting

A truck has an estimated useful life of 150,000 miles. The
original cost is $60,000 and the salvage value is $5,000. The
miles driven were 18,000 for year 1 and 19,500 for year 2.
The unit depreciation rate is:
a. $3.67.
b. $0.367.
c. $0.27.
d. $0.40.
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Transcribed Image Text:A truck has an estimated useful life of 150,000 miles. The original cost is $60,000 and the salvage value is $5,000. The miles driven were 18,000 for year 1 and 19,500 for year 2. The unit depreciation rate is: a. $3.67. b. $0.367. c. $0.27. d. $0.40.
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