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1 July, 04:26

Conclusion of importance of source document

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  1. 1 July, 07:56
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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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