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Colt Whitney
Business
24 August, 01:07
Conclusion of importance of source document
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Sincere
24 August, 01:24
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Prepare a depreciation schedule assuming actual mileage was: 2017, 38,500; 2018, 31,000; 2019, 31,000; and 2020, 42,000. (Round cost per unit to 2 decimal places, e. g. 15.25 and all other answers to 0 decimal places, e. g. 5,275.)
Computation
End of Year
Year
Units of
Activity
*
Depreciation
Cost / Unit
=
Annual
Depreciation
Expense
Accumulated
Depreciation
Book
Value
2017
$
$
$
$
2018
2019
2020
Explanation:
Answer #1
Depreciation cost per unit = (Cost - Salvage value) / Expected miles to be driven = (215150 - 7100) / 142500 1.46 per mile
Computation End of year
Year Units of activity x Depreciation cost / unit = Annual depreciation expense Accumulated depreciation Book value
2017 38500 x 1.46 = 56210 56210 158940
2018 31000 x 1.46 = 45260 101470 113680
2019 31000 x 1.46 = 45260 146730 68420
2020 42000 x 1.46 = 61320 208050 7100
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