may i get help confirming my answers are right for the depreciation question
may i get help confirming my answers are right for the depreciation question
Flip Company purchased a refrigerated delivery truck for $65,000 onApril 1, 2016.The plan isto use the truck for 4 years and then replace it.At the end of its useful life the truck is expectedto have a salvage value of $10,000.a. Prepare the depreciation table for Flip’s truck assuming that the company uses thestraight-line method for depreciation.b. Prepare the depreciation table for Flip’s truck assuming that the truck was purchasedonJanuary 1, 2016 and the company uses the double-declining-balance depreciationmethod.c. Compute the depreciation expense for 2016 for Flip’s truck assuming the truck has anexpected life of 200,000 miles and during 2016 the truck was driven 24,540 miles.Round yourdepreciation expense per mile to three decimal placesa.Answer:YearDepreciation ExpenseTotal AccumulatedDepreciationEnd of Year BookValueb.Answer:YearDepreciation ExpenseTotal AccumulatedDepreciationEnd of Year BookValuec.Answer
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