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Determine the depreciation rate per mile

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Reference no: EM133151346

Question - Units-of-activity Depreciation - A truck acquired at a cost of $395,000 has an estimated residual value of $21,500, has an estimated useful life of 45,000 miles, and was driven 4,100 miles during the year.

Required -

(a) Determine the Depreciable Cost.

(b) Determine the Depreciation Rate per mile.

(c) Determine the Units-of-activity Depreciation for the Year.

Reference no: EM133151346

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