09 ? ? https:/ D Single-Sig M EMAIL USF CA L = Yun Business, 12e ? Pearson eText

Question

09 ? ? https:/ D Single-Sig M EMAIL USF CA L = Yun Business, 12e ? Pearson eText accoun Yun. Food and C Weygandt, Financial Accounting, 10e Help I System Announce BACK Exercise 9-7 (Part Level Submission) Windsor, Inc, purchased a delivery truck for $38,400 on January 1, 2019. Th rk e truck has an expected salvage value of $2,400, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,100 in 2019 and 12,200 in 2020. ? (a1) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. o.so.) Depreciation expense Click if you would like to Show Work for this question: Open Show Work per mile g LINK TO TEXT Attempts: 0 of 15 used SAVE FOR LATER

Explanation / Answer

Purchase cost= 38400 Depreciable base = 38400-2400= 36000 Depreciation expense per mile-= (Cost-Salvage Value)/Total expected miles ie. (38400-2400)/100000= 0.36 Per mile So, depreciation expense in 2019 = 14100*0.36= 5076 2020= 12200*0.36= 4392

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