ACC 291 Week 3 Individual WileyPLUS Assignment Week Three

# ACC 291 Week 3 Individual WileyPLUS Assignment Week Three

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ACC 291 Week 3 - Individual WileyPLUS Assignment Week Three

Exercise E9-7

Brainiac Company purchased a delivery truck for 30,000 on January 1, 2011. The truck has an expected salvage value of 2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2011 and 12,000 in 2012.

Compute depreciation expense for 2011 and 2012 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining balance method. (Round cost per mile to 2 decimal places, e.g. . Use rounded amount for future calculations. Round final answers to 0 decimal places, e.g. 125.)

2011

2012

Straight-line

Units-of-Activity

Double-declining Balance

Working

(1)

2011: (30,000 - 2,000)/8 3,500

2012: (30,000 - 2,000)/8 3,500

(2)

(30,000...

ACC 291
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Excerpt from file: Exercise E9-7 Brainiac Company purchased a delivery truck for 30,000 on January 1, 2011. The truck has an expected salvage value of 2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2011 and 12,000 in 2012. Compute

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