statistics40987
Nov 6, 2012, 03:22 PM
Finx, Inc. purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000.
a.
Determine depreciation for the first year of the truck's useful life by the straight-line method if the truck is actually driven 16,000 miles. (Omit the "$" sign in your response.)
Straight-line depreciation $
b.
Determine depreciation for the first year of the truck's useful life by the units-of-output method if the truck is actually driven 16,000 miles. (Omit the "$" sign in your response.)
Units-of-output depreciation $ ( I did figure out this part which is: $6400)
a.
Determine depreciation for the first year of the truck's useful life by the straight-line method if the truck is actually driven 16,000 miles. (Omit the "$" sign in your response.)
Straight-line depreciation $
b.
Determine depreciation for the first year of the truck's useful life by the units-of-output method if the truck is actually driven 16,000 miles. (Omit the "$" sign in your response.)
Units-of-output depreciation $ ( I did figure out this part which is: $6400)