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3 years ago

Conclusion of importance of source document

Business

1 answer:

PIT_PIT [208]3 years ago

7 0

Answer:

Prepare a depreciation schedule assuming actual mileage was: 2017, 38,500; 2018, 31,000; 2019, 31,000; and 2020, 42,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

Computation

End of Year

Year

Units of

Activity

Depreciation

Cost /Unit

Annual

Depreciation

Expense

Accumulated

Depreciation

Book

Value

2017

2018

2019

2020

Explanation:

Answer #1

Depreciation cost per unit = ( Cost - Salvage value ) / Expected miles to be driven = ( 215150 - 7100 ) / 142500 1.46 per mile

Computation End of year

Year Units of activity x Depreciation cost / unit = Annual depreciation expense Accumulated depreciation Book value

2017 38500 x 1.46 = 56210 56210 158940

2018 31000 x 1.46 = 45260 101470 113680

2019 31000 x 1.46 = 45260 146730 68420

2020 42000 x 1.46 = 61320 208050 7100

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Solution

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Conclusion of importance of source document​

Conclusion of importance of source document