Depreciation for Partial Perlods Sampson Delivery Company purchased a new delivery truck for $52,200 on...
80.2K
Verified Solution
Question
Accounting
Depreciation for Partial Perlods Sampson Delivery Company purchased a new delivery truck for $52,200 on April 1, 2016. The truck is expected to have a service life of 5 years or 157,200 miles and a residual value of $4,920. The truck was driven 10,000 miles in 2016 and 12,200 miles in 2017. Sampson computes depreciation to the nearest whole month. Required: 1. Compute depreciation expense for 2016 and 2017 using the For interim computations, carry amounts out to two decimal places. Round your final answer to the nearest dollar. a. Straight-line method 2016 s I 2,2 X 2017 $2.9 b. Sum-of-the-years-digits method 2016 $14,0 2017s 4,8 X c. Double-declining-balance method 2016 $ | 5,3 2017$16,0 d. Activity method 2016 s 2,1 X 2017 $12,7 2. For each method, what is the book value of the machine at the end of 20167 At the end of 20177 (Round your answers to the nearest dolar.) a. Straight-line method 2016 33, 2017s 30, X b. Sum-of-the-years'-digits method 2016 san) 2017 5 c. Double-declining-balance method 2016$(30, 20175 | 24" x d. Activity method 20153133,1


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.