Asty subs acquired a delivery truck on october 1 2012 for, Ask an Expert

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Asty Subs acquired a delivery truck on October 1, 2012, for $19,850. The company estimates a residual value of $7,550 and a nine-year service life. It expects to drive the truck 102,500 miles. Actual mileage was 4,700 miles in 2012 and 17,300 miles in 2013.

Required:

Calculate depreciation expense using the activity-based method for 2012 and 2013, assuming a December 31 year-end. (Do not round intermediate calculations.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798435

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