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Calculate depreciation expense using activity-based method

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Question: Burger Chef acquired a delivery truck on March 1, 2021, for $26,000. The company estimates a residual value of $2,000 and a six-year service life. It expects to drive the truck 80,000 miles. Actual mileage was 12,000 miles in 2021 and 16,000 miles in 2022. Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end.

Reference no: EM132761471

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