Question details

Linton Company purchased a delivery truck for $34,000 on January
$ 12.00

Linton Company purchased a delivery truck for $34,000 on January 1, 2014. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2014 and 12,000 in 2015
A) Compute depreciation expense for 2014 and 2015 using (1) the straight-line method (2) the units-of-activity method (3) the double-declining-balance method.
(a) (3) 2015 $6,375

Available solutions