Data for adjustments: • Annual depreciation: Office equipment - 20% Furniture & Fixtures - 10%

Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $408,000 and the balance in Accumulated Depreciation—Trucks is $126,200. Details of the subsidiary ledger are as follows: TruckNo. Cost EstimatedResidualValue EstimatedUsefulLife AccumulatedDepreciationat Beginningof Year MilesOperatedDuringYear 1 $86,000   $12,900   200,000 miles —       30,000 miles 2 119,000   14,280   360,000   $23,800       36,000   3 103,000   14,420   212,000   $82,400       21,200   4 100,000   12,000   260,000   $20,000       31,200   a.  Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round the rate per mile to two decimal places. Enter all values as positive amounts. Truck No.…

Revision of depreciation A building with a cost of $240,000 has an estimated residual value of $96,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. b. What is the book value at the end of the fifth year of use? e. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $70,000, what is the depreciation expense for each of the remaining 5 years?

Revision of Depreciation A building with a cost of $506,250 has an estimated residual value of $101,250, has an estimated useful life of 27 years, and is depreciated by the straight-line method. a.  What is the amount of the annual depreciation? b.  What is the book value at the end of the fifteenth year of use? c.  If at the start of the sixteenth year it is estimated that the remaining life is 15 years and that the residual value is $26,250, what is the depreciation expense for each of the remaining 15 years?