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The Moss Piano Company purchased a Delivery Truck on May 1,2024 the cost of the...

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Accounting

The Moss Piano Company purchased a Delivery Truck on May 1,2024 the cost of the asset, the salvage value and the useful life information is provided in the table below. The miles driven by the truck each year were 2024,77220 miles; 2025,120120 miles; 2026,137280 miles; 2027,85800 miles; 2028,64350 miles.
\table[[Cost:,300,000],[Salvage Value:,30,000],[Useful Life in Units:,429,000]]
January 1- Record the purchase of the delivery truck.
\table[[Date,A,L,SE,R,E,NI,CF,Account],[1-Jan,,,,,,,,],[,,,,,,,,],[,,,,,,,,]]
Complete the depreciation table assuming the company uses units-of-activity depreciation. Round the per mile rate to the PENNY. Round depreciation to the WHOLE DOLLAR.
Year
Depreciation Expense
Accumulated Depreciation
Book Value
\table[[2024,,,],[2025,,,],[2026,,,],[2027,,,],[2028,,,]]
December 31- Record the depreciation expense for 2024.
\table[[Date,A,L,SE,R,E,NI,CF,Account,DR,CR
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