Depreciation for Partial Periods Bar Delivery Company purchased a new delivery truck for $36,000 on April 1,...

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Accounting

Depreciation for Partial Periods
Bar Delivery Company purchased a new delivery truck for $36,000on April 1, 2019. The truck is expected to have a service life of10 years or 180,000 miles and a residual value of $3,000. The truckwas driven 12,000 miles in 2019 and 16,000 miles in 2020. Barcomputes depreciation expense to the nearest whole month.
Required:
Compute depreciation expense for 2019 and 2020 using thefollowing methods: (Round your answers to the nearestdollar.)
Straight-line method
2019 $ fill in the blank 1
2020 $ fill in the blank 2
Sum-of-the-years'-digits method
2019 $ fill in the blank 3
2020 $ fill in the blank 4
Double-declining-balance method
2019 $ fill in the blank 5
2020 $ fill in the blank 6
Activity method
2019 $ fill in the blank 7
2020 $ fill in the blank 8
For each method, what is the book value of the machine at theend of 2019? At the end of 2020? (Round your answers to thenearest dollar.)
Straight-line method
2019 $ fill in the blank 9
2020 $ fill in the blank 10
Sum-of-the-years'-digits method
2019 $ fill in the blank 11
2020 $ fill in the blank 12
Double-declining-balance method
2019 $ fill in the blank 13
2020 $ fill in the blank 14
Activity method
2019 $ fill in the blank 15
2020 $ fill in the blank 16

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1 Depreciation under SLM Original cost Scrap Value Useful Life 36000 3000 10 3300 Straightline method 2019 2020 Depreciation Expense 2475 3300 3300 9months 12 months Year 2019 30525 See Answer

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