asty Subs acquired a delivery truck on October 1, 2021, for $18,000. The company estimates...
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Accounting
asty Subs acquired a delivery truck on October 1, 2021, for $18,000. The company estimates a residual value of $3,700 and a six-year service life. It expects to drive the truck 130,000 miles. Actual mileage was 4,300 miles in 2021 and 17,600 miles in 2022.
Required:
Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations.)
2021 2022
Depreciation Expense
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