Ask Question
8 January, 19:02

Sunland Company purchased a delivery truck for $44,000 on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Sunland uses the straight-line method of depreciation. (a) Compute depreciation expense for 2022 and 2023.

+5
Answers (1)
  1. 8 January, 19:21
    0
    2022: $2375

    2023: $4750

    Explanation:

    2022: ((44,000-6,000) / 8) * 6/12 = $2375

    2023: (44,000-6,000) / 8 = $4750
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sunland Company purchased a delivery truck for $44,000 on July 1, 2022. The truck has an expected salvage value of $6,000, and is expected ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers