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Determine the depreciation rate

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Question - Units-of-activity Depreciation - A truck acquired at a cost of $260,000 has an estimated residual value of $14,000, has an estimated useful life of 30,000 miles, and was driven 3,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a) Determine the depreciable cost?

(b) Determine the depreciation rate?

(c) Determine the units-of-activity depreciation for the year?

Reference no: EM133106042

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