Linton Company purchased a delivery truck for $35,000 on January 1, 2017. The truck has an expected salvage value of $1,800, and is expected to be driven 106,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,400 in 2017 and 14,900 in 2018. Depreciation expense $ .31 per mile Calculate Declining-Balance method depreciation expense for 2017 and 2018:
Linton Company purchased a delivery truck for $35,000 on January 1, 2017. The truck has an expected salvage value
of $1,800, and is expected to be driven 106,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,400 in 2017 and 14,900 in 2018.
Depreciation expense $ .31 per mile
Calculate Declining-Balance method depreciation expense for 2017 and 2018:
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