Suppose that Sunland purchased a truck for $77,880. The company expected the truck to last four years or 118,000 miles, with an estimated residual value of $9,440 at the end of that time. During the second year, the truck was driven 31,900 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided. (Round depreciation rate per unit to 3 decimal places, e.g. 15.253 and final answers to O decimal places, e.g. 5,125.) Units-of-activity $ Double-declining-balance $

Suppose that Sunland purchased a truck for $77,880. The company expected the truck to last four years or 118,000 miles, with an estimated residual value of $9,440 at the end of that time. During the second year, the truck was driven 31,900 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided. (Round depreciation rate per unit to 3 decimal places, e.g. 15.253 and final answers to O decimal places, e.g. 5,125.) Units-of-activity $ Double-declining-balance $

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....

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