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Determine the units-of-activity depreciation for the year

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Reference no: EM132740435

Problem 1: A truck acquired at a cost of $505,000 has an estimated residual value of $27,100, has an estimated useful life of 59,000 miles, and was driven 4,100 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places.

(a) The depreciable cost$fill in the blank 1

(b) The depreciation rate$fill in the blank 2 per mile

(c) The units-of-activity depreciation for the year

 

Reference no: EM132740435

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