Help! Calculate depreciation expense per mile under units-of-activity method. What is the depreciation expense per mile [Solved]

Linton Company purchased a delivery truck for $32,000 on January 1, 2017. The truck has an expected salvage value of $1,100, and is expected to be driven 103,000 miles over its estimated useful life of 10 years. Actual miles driven were 15,500 in 2017 and 12,800 in 2018.

Units of activity depreciation = (Cost Salvage value) / Expected lifetime units
Units of activity depreciation = (32000 1100) / 103000 = 0.30 / mile

(32,000 1,100) / 103,000 = you do the arithmetic

This post is last updated on hrtanswers.com at Date : 1st of September – 2022

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