ABC Logistics acquired a delivery van for $36,500 on July 1, 2023. The van has an estimated salvage value of $2,500 and is expected to be driven 120,000 miles over its useful life of 6 years. The company drove the van 15,600 miles in 2023 and 18,400 miles in 2024. Calculate the depreciation expense per mile under the units-of-activity method. (Round the answer to 3 decimal places.) a) $0.283 per mile b) $0.304 per mile c) $0.275 per mile d) $0.292 per mile

Whispering Winds Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $5,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,100 in 2022 and 11,700 in 2023. (a1) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost .29 per mile eTextbook and Media List of Accounts Attempts: unlimited %24

Concord Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,300 in 2022 and 13,200 in 2023.     Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense   $enter the depreciation expense in dollars per mile rounded to 2 decimal places   per mile   Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.)         Depreciation Expense         2022   2023 (1)   Straight-line method   $enter a dollar amount    $enter a dollar…

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