Danny Dimes Construction Company acquired the following plant assets on January 1, 2021. The delivery...
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Accounting
Danny Dimes Construction Company acquired the following plant assets on January 1, 2021. The delivery truck was driven for 12,000 miles in 2021 and 20,000 miles in 2022; of its useful estimated life of 100,000 miles. Compute depreciation for each of the assets for 2021 and 2022 only.
Residual
Assets Cost Value Useful Life Depreciation Method
Office Equipment $150,000 $ 5,000 5 years Straight-line
Building $280,000 $30,000 20 years Double-declining balance
Delivery truck $125,000 $25,000 10 years Units-of-production
** Show your math**
2021 2022
a. Office equipment ___________________ ___________________
b. Building ___________________ ___________________
c. Delivery equipment ___________________ ___________________
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