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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. Assets Office Equipment Building Delivery truck ** Show your math** 1 a. b. C. Cost $150,000 $280,000 $125,000 Office equipment Building Delivery equipment 2021 Residual Value $5,000 $30,000 $25,000 Useful Life 5 years 20 years 10 years I Depreciation Method Straight-line Double-declining balance Units-of-production 2022
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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

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