Units-of-activity Depreciation A truck acquired at a cost of $215,000 has an estimated residual value of $13,400, has an estimated useful life of 48,000 miles, and was driven 3,800 miles during the year. Determine the following.
Answers (1)
The income statement of Cullumber Company for the month of July shows a net income of $2,490 based on Service Revenue $7,100, Salaries and Wages Expense $2,930, Supplies Expense $920, and Utilities Expense $760.
Answers (1)