Ann Torbert purchased a truck for $11,000 on January 1, 2014. The truck will have an estimated salvage value of $1,000 at the en

Question

2 years ago

8

Ann Torbert purchased a truck for $11,000 on January 1, 2014. The truck will have an estimated salvage value of $1,000 at the en

d of 5 years. Using the units-of-activity method, the balance in accumulated depreciation at December 31, 2015, can be computed by the following formula: ________

Mathematics

2 answers:

alexandr402 [8] · Answer 1 · 2022-10-07T21:14:22+03:00

Answer:

$Balance in accumulated depreciation=\frac{10000}{Total Estimated Value}*Units of activity$

Step-by-step explanation:

Salvage value=$1000

Purchased value=$11,000

In order to find the balance in accumulated depreciation at december 31,2015 using the units of activity we will use the following formula:

$Balance in accumulated depreciation=\frac{10000}{Total Estimated Value}*Units of activity$

In the above equation $10000 came from Purchased value - salvage Value

SVEN [57.7K] · Answer 2 · 2022-10-07T22:20:09+03:00

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